Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

Execution

The opening balance is executed in three phases. This breakdown helps in managing and controlling each phase separately. The first phase represents the fixed assets opening balance acquisition and depreciation, the second phase represents the inventory opening balance, and the third phase represents the trial balance opening balances, which consists of accounts payable, and receivable, banks, and non-posting profile accounts:

 

Before starting the execution of the opening balance, the implementation team should ensure the foundation is done properly; in the next section, we will cover the required foundations of the opening balance: ...