November 13th, 2011 by Mohamed Aamer

Recently I have shared – Opening balances upload – and mentioned the Pros & Cons of the different  approaches of opening balances upload, and there is a post discussing – Customer settlement mechanism – in this post we will focus on how those two posts of opening balances, and customer settlement are related, and it effect appears during the year operations.

A customer has an opening balance -considering that we follow the approach of uploading customer opening balance from GL with trail balance – the Financial Consultant must make sure that assign the proper posting profile for each customer for two reasons:

First: The customer opening balance hit the right account
Second: The entries occurred during settlement process (during year operations), it is the focus of this article.

Hint: it should be validated during opening balances process, since it could raise up during the year operations.

User group: DynamicsArabia

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