How to enter opening balance in Payables R12

[Number13]

Hi Everybody,

Any one can plz tell me how to enter opening balances for a supplier in Payables R12?

Thanks

Satya

[George]

The opening balances can be entered as any other invoice. The accounting distributions can be given as a migration a/c and the beginning balance in the TB can be given as a credit to this Migration a/c. When the invoice is accounted and transferred to GL, the Migration a/c will get nullified and the liability will show corretly in the TB.

If you need to upload multiple invoices, these should be uploaded into the interface table and then run the Payables open interface import program.

[admin]

Tks George and pl also read,

topic.asp?TOPIC_ID=5113

[niletra]

Hi You Have to Uploaded Through Interfce Table,

First You Have to Populate Data Into the Interface Table


and From There You Have to Run the Request Payables Open Interface Import.

And Yes

You Have to Use Migration Account For Standard Invoices and Credit Memo,

But Make Surethat If Prepayment Is there use Actual Prepayment Liability Account And Make The Payment On That Period Only.


Thanks

Niletra