Why do I have an SFM Opening Entries Validity?

Why do I have an SFM Opening Entries Validity?

This happens when the Opening Entries posted in the clients/suppliers do not match the opening entries posted in the Nominal.

If the total opening entries inserted for all the Clients (Sales Ledger) is a certain amount, the same amount should be posted in the Debtors Control Account (Nominal Ledger). The same goes for Suppliers (Purchases Ledger) and the Creditors Control Account (Nominal Ledger).

If there is any difference between the amounts, and End of Year process cannot be done.

    • Related Articles

    • Error: "Update Opening Entries not Successful" when running Validity on Gain Loss Exchange Account

      PROBLEM Error: "Update Opening Entries not Successful" when running Validity on Gain Loss Exchange Account Validation looks similar to: ENVIRONMENT SFM SOLUTION Create a Journal Entry between Bank / Cash and Unrealized Gain/loss account using Local ...

    • Error: "Allocation in Progress for Entity" when allocating entries in SFM

      Problem Error: "Allocation in Progress for Entity" Environment SFM Purchase or Sales Unallocated Entries Solution Go to Client (Current Year > Sales > Client Maintenance ) or Supplier List (Current Year > Purchases > Supplier Maintenance) Highlight ...

    • How do I allocate unallocated entries in SFM?

      SFM has a tool (available both in the sales and purchase ledger) that cycles through all the entities that have unallocated entries and enables you to allocate them. Below are instructions on how this is done.

    • SIMS and SFM Interface Posting

      The following table identifies the accounting entries posted in the Shireburn Financial Manager from transaction in the Shireburn Management Inventory System. The link from the inventory to the accounting system is available from the stock group or ...

    • SFM Release Notes

      How to Update SFM 16th April 2024 | v.2.0.11.195 Improvements with Charge Bearer in APS SEPA. Improvements in Jobs Module when using Access Levels. 15th April 2024 | v.2.0.11.194 Improvement with Charge Bearer in APS SEPA. 5th January 2024 | ...