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Historical Transactions not processed > Opening Balances posted as Book Specific Journals

edited Jun 2, 2025 2:39PM in Ask A Guru 9 comments

Hi gurus,

this will be probably very weird question and you will be asking yourself how and why questions.

We have started with some Intercompany Management back in 2020 and we are using multi-book on our account.

What happened is that we had some transactions in 2020 already and we enabled the Statutory book for one of our subsidiary in 7/2020 however when our partner set the Statutory Book to Active they have not processed the historical transactions.

There was probably some misunderstanding between both sides not sure as I wasn't present at that time.

What happened is that the Accountant booked the opening balances with Book Specific Transactions to Statutory Book only at some point.

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