General Ledger balances
General Ledger balances are the backbone of all open entries. When the accounting balances are posted, everything else must match. It is like putting in the last piece of a puzzle. The sad part is that sometimes you find that your last piece does not fit. Don't worry about this right now; at the end of this section, we will explain how to check whether everything is okay and how to solve problems.
While other open entries could be imported and posted in many iterations, the accounting balances must be posted all at once because the whole transaction must be self-balanced. Follow the steps described in the Customer entries section of this chapter, but keep in mind these few differences:
- When you fill in the data migration template, Account Type must have the G/L account value
- If an account has a debit amount, the amount for that account must be positive
- If an account has a credit amount, the amount for that account must be negative
Make sure that the amount...
