on 10-08-2013 6:29 AM
Hi..
I have planned to go live with SAP B1 system at customer site. from Accounting point of view, what are the things I have to do i.e. opening balances etc. ?
Please guide
srikumar
Hi,
Please check with customer's accountant, he/she is best person to explain the all requirement related to finance.
Thanks & Regards,
Nagarajan
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Hi Sri....
Check the following Points...
Upload All The Item Masters
Upload all The BP Master
Check the Chart Of Accounts
Check the Tax Setup
Check the Banking Setup
Check the Numbering Series
Check the User Authorisation
Check all the GL accounts Mapping for Sales Purchase Etc
Check the Opening Balance of Accounts, BP and Inventory. ETC.....
Hope Helpful
Regards
Kennedy
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Hi Sri Kumar,
Check following Points from Accounting perspective before Go Live
1) G/L Account Determination Mapping
2) Inventory Account mapping based on your 'Set G/L Accounts By' in item
Check Warehouse mapping if G/L account is set by Warehouse
Check Item Group mapping if G/L account is set by Item Group
Check Item mapping if G/L account is set by Item
3) Check Control Account mapping for Business Partners.
4) Check Segments for each G/l Account, if you are using segmentation
5) Check Tax Code, WtTax Code, Freight Code Mapping
6) Enter Sample Transactions in Demo Database for checking Accounting Effect
Consult with your company's account department People for checking Accounting Effect
regards,
Raviraj
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Hi Sri,
1) Enter Closing Balance as on 31/03/2013 as opening balance for Balance sheet Account & all BP's account.
2) Enter Closing Stock as on 31/03/2013 as opening Stock for all Items.
3) Upload PO, GRPO, Invoice & other transaction from 01/04/2013 to till date into SAP through DTW.
4) Finally Start entering Live transaction in SAP
regards,
Raviraj
Hi Srikumar,
Your customer's expectation would be difficult to satisfy. Enter over 7 months back log entry may not be practical. If they have current accounting system, it may never match. Better set opening date as go live date. For all opening documents, they can be entered as service type documents as the actual dates before go live. Make sure the B/S and P/L match their previous account.
Thanks,
Gordon
Hi,
Have you followed the Accelarated Implementation Program (AIP) available at the Service Market Place, regarding the Business One Implementation? Check that, it has all the stages what needs to be done prior to the Go Live.
Also, w.r.t. accounting point of view, the same needs to be decided beforehand by the csutomer accountant or CFO who handles the accounting aspect of the business.
Kind Regards,
Jitin
SAP Business One Forum Team
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