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Hello, 

 

My customer will soon start using an internal ledger for the first time (in Jan 2025). For IL opening balance to be uploaded on all accounts, whether ledger or not, I was wondering what could be the best approach

 

For non ledger accounts, I could use a manual voucher to be created on 1st on Jan 2025.

As for ledger accounts, option 1 : should I create a Q voucher on period 13 of the current year (2024) in the Internal Voucher Entry window, so that balances are transferred to period zero of next year in IL through the year end process?

 

Or option 2 :  is it possible to just run the year end process, and then select an option to transfer GL year end balances to both GL and IL ?  (without creation of any Q voucher on IL as in option 1)


If there is any option to update ledger account opening balance in Internal Ledger, I would be grateful of the community to share.

 

Thank you for your help

Tanya

Hi, 

 

You need to create a voucher to load in the IL.    GL and IL will always (almost always) have different values.   GL will not copy to IL.  The vouchers & voucher types drive the flow to IL. 

 

You can perform an external voucher in period 13 (as an example) where that voucher type would only flow to IL.  Just make sure to use a voucher type that only updates the IL. 

 

As far as I know you can create a new voucher type from the Q function group that only updated the IL.   That would then function like a Q but for the IL only.  Pretty sure I tested this many years ago. 

Test first in TEST. 

Best regards, 

Thomas

Hello Thomas, 

 

Thank you ; so in period 13 I create a voucher only flowing to IL with function group Q for ledger accounts. Then the balance will be updated to period 0 in Internal Ledger during the year end process, is that right? I would like to make sure that year end process ran for IL will update balance in period 0 for Jan 2025.

 

Thank you

Tanya

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