Of the Opening balance value (EB value) is the initial balance of an account at the beginning of a financial year. This initial balance comes from the opening balance sheet.
Origin
Each balance sheet item has a corresponding balance sheet account. This leads to the distinction between active and passive balance sheets. The opening balance sheet provides the year-start values. These values must match the year-end values of the previous fiscal year: The closing balance sheet of one year is the opening balance sheet of the next year. At the end of the year, accounting transfers the closing balance of each balance sheet account to the closing balance sheet.
As an example: if there are 300 euros in the cash register at the beginning of the year, the initial balance of the account in the cash register is 300 euros.
Booking via the opening balance account
Double-entry bookkeeping requires a counter-account for each entry. Therefore, the initial inventory is recorded in a subsidiary account, the opening balance account (EBK). Active inventory accounts record the initial inventory on the debit side (book entry: active inventory account to opening balance account). Passive inventory accounts record it on the credit side (book entry: opening balance account to passive inventory account). After the opening of the accounts, the opening balance account is a mirror image of the opening balance. As a rule, the accounting software automatically performs these opening entries.
In SAP Business One, accounting also consists of opening entries, ongoing entries during the fiscal year, and closing entries at the end of the fiscal year.
Reference to the sum and balance list
The Sums and Balances list (SuSa) shows all the booked accounts for a period with initial and final balances as well as the account movements. A prerequisite for the SuSa is that the balances of the balance sheet values must be in line with the EB values of the active and passive stock accounts.
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