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Why IRIS?We help organisations to make better business decisions by developing integrated software solutions to minimise admin, make business processes more efficient and give more time to do what’s valued. Our software and services are used by accountants, schools, and teams in payroll, HR and finance to solve some of the most important operational business problems. These include the need to remain compliant with the law, drastically reduce time spent on administration and reporting; and generating actionable data insights to make better business decisions.
Why IRIS?We help organisations to make better business decisions by developing integrated software solutions to minimise admin, make business processes more efficient and give more time to do what’s valued. Our software and services are used by accountants, schools, and teams in payroll, HR and finance to solve some of the most important operational business problems. These include the need to remain compliant with the law, drastically reduce time spent on administration and reporting; and generating actionable data insights to make better business decisions.
Why IRIS?We help organisations to make better business decisions by developing integrated software solutions to minimise admin, make business processes more efficient and give more time to do what’s valued. Our software and services are used by accountants, schools, and teams in payroll, HR and finance to solve some of the most important operational business problems. These include the need to remain compliant with the law, drastically reduce time spent on administration and reporting; and generating actionable data insights to make better business decisions.
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Why IRIS?We help organisations to make better business decisions by developing integrated software solutions to minimise admin, make business processes more efficient and give more time to do what’s valued. Our software and services are used by accountants, schools, and teams in payroll, HR and finance to solve some of the most important operational business problems. These include the need to remain compliant with the law, drastically reduce time spent on administration and reporting; and generating actionable data insights to make better business decisions.
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Why IRIS?We help organisations to make better business decisions by developing integrated software solutions to minimise admin, make business processes more efficient and give more time to do what’s valued. Our software and services are used by accountants, schools, and teams in payroll, HR and finance to solve some of the most important operational business problems. These include the need to remain compliant with the law, drastically reduce time spent on administration and reporting; and generating actionable data insights to make better business decisions.
Why IRIS?We help organisations to make better business decisions by developing integrated software solutions to minimise admin, make business processes more efficient and give more time to do what’s valued. Our software and services are used by accountants, schools, and teams in payroll, HR and finance to solve some of the most important operational business problems. These include the need to remain compliant with the law, drastically reduce time spent on administration and reporting; and generating actionable data insights to make better business decisions.
How do I generate opening balances automatically in Accounts Production?
Article ID
ias-12208
Article Name
How do I generate opening balances automatically in Accounts Production?
Created Date
11th December 2015
Product
IRIS Accounts Production
Problem
How do I generate opening balances automatically in Accounts Production?
Resolution
To generate opening balances from the comparative year using the Enhanced charts, please do the following:
Select existing posting entry file or create a new posting entry file that the opening balances are to be generated for.
If there are no postings in the post file:
The document type will default to 1 for ‘Opening balances’.
Click OK to continue.
Click the icon next to Posting Entry to select your posting
Click OK to accept the opening balance posting date.
(This will default to the first day of the period the balances are being brought into).
Accounts Production will return to the posting screen and the opening balances will be generated.
If postings have been made in the post file:
Select Batch Control | New
Enter 1 for ‘Opening Balances’ in the ‘Document Type’ field and select OK
Click the icon next to Posting Entry to select your posting
Click OK to accept the opening balance posting date.
(This will default to the first day of the period the balances are being brought into).
Accounts Production will return to the posting screen and the opening balances will be generated.
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