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Period Closing

Former Member
0 Kudos

Hi

  When i am doing year closing there is a small difference in Balance-LC & Balance-SC . What can be the reason . Secondly what date should be entered in Value Date & Document Date

Thanx

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi,

If your LC and SC is the same currency, this small differences in two Balances are usually caused by rounding. Value Date & Document Date should be the same as the last day of the Year End.

Thanks, Gordon

Answers (1)

Answers (1)

jitin_chawla
Advisor
Advisor
0 Kudos

Hi,

What version are you performing the Period End Closing? Have you upgraded from a lower version i.e. 2005 Version.

If yes, then the small difference can be rounding issues.

Is you decimal settings for the amounts set to 2 and in earlier versions, the same was changed (increased/decreased) during the business?

Kind Regards,

Jitin

SAP Business One Forum Team