Microsoft Business Solutions-Navision 4.0 and Microsoft Navision 4.0 are now part of Microsoft Dynamics NAV 4.0.

All references to Microsoft Business Solutions-Navision or to Microsoft Navision 4.0 relate to Microsoft Dynamics NAV.
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INTRODUCTION MORE INFORMATION General Ledger accounts Customer accounts Vendor accounts Bank accounts Item accounts APPLIES TO HOTFIX DOWNLOAD

INTRODUCTION
This article describes how to enter opening balances for the following accounts in Microsoft Dynamics NAV 4.0: ‡ General Ledger ‡ Customer ‡ Vendor ‡ Bank ‡ Item Back to the top

MORE INFORMATION
To enter opening balances for the General Ledger accounts, for the Customer accounts, for the Vendor accounts, and for the Bank accounts, you can use the General Ledger journals. To enter opening balances for the Item accounts, you can use the Item journals. Back to the top

Close the G/L Account Card dialog box. 2. click Account. Click OK two times. Ledger accounts that you created in step 2. 5. expand General Ledger. and then. In the G/L Account List dialog box. in the Bal. 8. click Customer in the Account Type list. expand General Ledger. 9. On the Invoicing tab. 5. Receivables Account box. In the Chart of Accounts dialog box. create the Customer accounts that you want to use. click a General Ledger account that you want to use. Click Financial Management. click Post on the Posting menu. click the upper arrow button in the 4. expand Receivables. use. Click Financial Management. In the G/L Account Card dialog box. create entries for the opening balances of the Customer accounts. 10. Post the entries that you created in step 4. enter the General Ledger account that you specified in step 5. click to select the Direct Posting check box to enable 6. In the Customer Posting Groups dialog box. verify that the open balances of the General Ledger 6. expand General Ledger. In the Chart of Accounts dialog box. Note For these entries. Post the entries that you created in step 10. click the upper arrow button in the Customer Posting Group box. 3. direct posting of entries to the General Ledger account. click Post on the Posting menu. create the General Ledger accounts that you want to 2. Back to the top Customer accounts To enter opening balances for the Customer accounts. and then click Card.General Ledger accounts To enter opening balances for the General Ledger accounts. create entries for the opening balances of the General 4. 11. In the General Journal dialog box. and then click General Journals. In the Customer Card dialog box. Click Financial Management. To do this. Click Financial Management. follow these steps: 1. Back to the top Vendor accounts To enter opening balances for the Vendor accounts. accounts are entered. 3. To do this. Account No box. 7. and then click General Journals. and then click Chart of Accounts. In the General Journal dialog box. follow these steps: . follow these steps: 1. and then click Customers.

click to select the Direct Posting check box to enable 6. click Account. and then click General Journals. 3. and then click General Journals. In the G/L Account List dialog box. Posting Group box. 2. Back to the top Bank accounts To enter opening balances for the Bank accounts. direct posting of entries to the General Ledger account. click Post on the Posting menu. In the General Journal dialog box. 10. click to select the Direct Posting check box to enable 6. click a General Ledger account that you want to use. Note For these entries. enter the General Ledger account that you specified in step 5. expand General Ledger. 9. Click Financial Management. 5. create entries for the opening balances of the Vendor accounts. In the Vendor Card dialog box. Click Financial Management. create the Vendor accounts that you want to use. Click OK two times. 11. follow these steps: 1. Note For these entries. and then click Bank Accounts. click the upper arrow button in the Bank Acc.1. 8. click Bank in the Account Type list. in the Bal. Click Financial Management. 5. click the upper arrow button in the Vendor Posting Group box. Bank Account No box. To do this. and then click Vendors. In the G/L Account Card dialog box. click Account. 9. click the upper arrow button in the G/L 4. Close the G/L Account Card dialog box. In the General Journal dialog box. 8. direct posting of entries to the General Ledger account. In the Bank Account Posting Groups dialog box. click Vendor in the Account Type list. In the G/L Account Card dialog box. and then click Card. In the G/L Account List dialog box. 7. create the Bank accounts that you want to use. click a General Ledger account that you want to use. and then. in the Bal. On the Invoicing tab. 2. On the Posting tab. 10. and then click Card. Click OK two times. In the Bank Account Card dialog box. click the upper arrow button in the Payables 4. create entries for the opening balances of the Bank accounts. enter the General Ledger account that you specified in step 5. expand General Ledger. In the Vendor Posting Groups dialog box. and then. Post the entries that you created in step 10. expand Payables. . Click Financial Management. 7. Account No box. Account No box. 3. Account box. expand Cash Management. Close the G/L Account Card dialog box.

enable automatic posting of entries to the General Ledger account. click to select the Automatic Cost Posting check box to 4. 11. Adjmt. In the G/L Account List dialog box. expand Inventory. 12. and then click OK. expand General. In the Item Journal dialog box. Post the entries that you created in step 12. 3. and then click Posting Setup. To do this. In the Inventory Setup dialog box. In the G/L Account List dialog box. In the General Posting Setup dialog box. When the ‡ opening balances for the General Ledger accounts are posted. 7. Click Warehouse. and then click 5. click the account that you noted in step 9. Therefore. 14. expand Posting Groups. Notes When you enter opening balances. and then click Posting Setup. expand Posting Groups. click Post on the Posting menu. In the G/L Account List dialog box. Inventory Setup. create the Item accounts that you want to use. the debit and the credit are posted to the same General Ledger account. Note For these entries. Click Financial Management. expand Setup. and then click Inventory Setup. Account box. Click Warehouse. entering opening balances for accounts does not affect the balances of the General Ledger accounts. Click Warehouse. expand Setup. 13. expand Setup. click the upper arrow button in the Inventory 15. expand Planning & Execution. expand Posting Groups. 2. click Positive Adjmt in the Entry Type list. click the General Ledger account that you selected in 10. and then click OK. In the General Posting Setup dialog box. follow these steps: 1. Account box. Click Financial Management. expand Setup. step 7. In the Inventory Posting Setup dialog box. and then click the upper arrow button in the Inventory Adjmt. click Post on the Posting menu. Back to the top Item accounts To enter opening balances for the Item accounts.11. expand General. and then click 16. Click Financial Management. . Account box. create entries for the opening balances of the Item accounts. note the General Ledger account in the Inventory 9. 8. click the upper arrow button in the Inventory 6. click the General Ledger account that you want to use. Adjmt. OK. and then click Item Journals. To do this. In the Item Card dialog box. the balances of the General Ledger accounts are updated. Account box. and then click Item. no balance change occurs in the General Ledger account. Post the entries that you created in step 10. Therefore.

You can click to clear the Automatic Cost Posting check box if you do not want to process the ‡ automatic posting of Inventory accounts.0 Back to the top Keywords: kbmbsgeneralledger kbmbspartner kbexpertisebeginner kbmbsmigrate kbhowto kbexpertiseinter KB944227 Back to the top .You can click to clear the Direct Posting check box after you enter opening balances for accounts if you want to disable the direct posting of entries to the General Ledger account. ‡ Back to the top APPLIES TO ‡ Microsoft Dynamics NAV 4.