9 Replies Latest reply: Jul 3, 2012 2:55 PM by Gianna Calabrese RSS

Balance transfer

mridula mridula
Currently Being Moderated

Dear Experts,

 

For balance transfer I have created 5 conversion accounts ( GL conversion,Customer Conversion ,Vendor Convrsion,Stock conversion and Asset Conversion accounts).

Now can anyone please tell me how I will do the balance transfer - What accounting entry in SAP and How:?

Suppose my Balance is below:-

 

Customer= 1000000

Vendor= 2000000

Asset= 3000000

Stock=1000000

GL=3000000(Debit)

GL=4000000(credit)

 

I need the suggession, please right answer will be appreciated and get points.

  • Re: Balance transfer
    Madhusoodanan Ramachandran
    Currently Being Moderated

    Hi Mridula,

     

    There is an error in your example.  Always trial balance should be tallied.

     

    I've made changed to vendor balance to make total debit - credit = 0.

     

    Customer  1,000,000.00

    Vendor     (4,000,000.00)

    Asset        3,000,000.00

    APC - Accumulated depreciation (4,000,000.00 - 1,000,000.00)

    Stock        1,000,000.00

    GL             3,000,000.00

    GL            (4,000,000.00)

     

    Journal entries would be as below...

     

     

    DescriptionDebitCredit
    Customer     1,000,000.00
        Customer Conversion Account
         1,000,000.00



    Vendor
         4,000,000.00
      Vendor Conversion Account      4,000,000.00



    Asset APC     4,000,000.00
      Asset Accumulated Depreciation
         1,000,000.00
      Asset Conversion Account
         3,000,000.00






    Stock     1,000,000.00
      Stock conversion Account
         1,000,000.00



    GL     3,000,000.00
    GL
         4,000,000.00
    GL Conversion Account     1,000,000.00






    Final Entry

    Customer Conversion Account     1,000,000.00
    Vendor Conversion Account
         4,000,000.00
    Asset Conversion Account     3,000,000.00
    Stock conversion Account     1,000,000.00
    GL Conversion Account
         1,000,000.00



     

    You need not post any entry manually to stock.  When initial stock upload is done from MM side, the system will automatically post stock related entry.

     

    Hope this clarifies your doubt.

     

    Best Regards,

     

    Madhu

    Excuse Typos, if any.....

  • Re: Balance transfer
    Cristiano Silveira
    Currently Being Moderated

    Hi,

     

    I am not sure but maybe this documentation can be helpful for you.

     

    http://help.sap.com/saphelp_banking80/helpdata/en/b5/033f4626904ce2b82fc747649a9daa/content.htm

     

    Regards,

    Cristiano

  • Re: Balance transfer
    Narasimhulu Konnipati
    Currently Being Moderated

    Balance transfer means balance carry forward to next year or migration from non-SAP to SAP?

     

    If it is non-SAP to SAP, create one initial balance transfer / upload account for each account type and do it.

     

    If it is balance carry forward, use F-07 and transfer them.

     

     

    Thanks,

  • Re: Balance transfer
    Gianna Calabrese
    Currently Being Moderated

    Narasimhulu's dubt are correct.

     

    If you need to migrate data from non sap system, you can use LSMW (application and transaction) or ECatt (T-code: secatt ) .

     

    Migrating sap -2- sap you can use data migraton workbench.  in order to create a have to migrate

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