Difference in technical account for Mid year go live.

[zunaid_hingora2]

Hi Expert,

Need small help. There is one confusion.

We are going live for one country on 31.07.2017. Now as per rule 99999 gl should be 0 correct. Now below is scenario.

Asset 100

99999 100

99999 100

liability 100 This is clear.

Now P and L.

Expense 200

999999 200

Income 220

999999 220

Now there is a difference of 20 of net operating income. How to deal this 20? shall we put in 999999 or leave the difference. Please guide

Regards

Zunaid

[former_member513101]

Hi Zunaid,

You should have an equity account, the net profit goto equity account.