Dynamics 365 Business Central – A couple of methods I use when posting opening balances for Sales and Purchase Ledger

Dynamics 365 Business Central

The article discusses methods for posting opening balances for Sales and Purchase Ledger in Dynamics 365 Finance.
The author recommends importing outstanding Sales Ledger transactions and balancing them to the Accounts Receivable control account.
Method 1 involves balancing each Sales Ledger opening balance entry to the Accounts Receivable code, which can cause issues if entries are reversed.
Method 2 balances each entry to a Suspense Account and then reverses the balance to the Accounts Receivable GL code.
Both methods aim to ensure that the "Aged Accounts Receivable" report matches the Accounts Receivable GL balance.
The author emphasizes the importance of reconciling source system data before importing opening balances.
A data pack in Excel format is provided to clients for easy import of opening balance transactions.
The article concludes by highlighting the potential issues that may arise with Method 1 and the benefits of using Method 2 for posting opening balances.

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