Carry Forward Balances - FAGLGVTR
Application component: Closing Operations / Period-End
App type: SAP GUI
Description: This process involves carrying forward account balances into the new fiscal year. The balance to be carried forward is shown in the account balance display. To carry forward balances, you can use separate programs for G/L accounts, and for customer and vendor accounts. Note You don't need carry balances forward manually if you have already posted to the new fiscal year.G/L Accounts: You must perform the manual balance carryforward for the new fiscal year at least once. It is then automatically updated during postings to the old fiscal year.Customer and vendor accounts: Postings to the current fiscal year do not cause the balance carryforward in the new fiscal year to be updated. For this reason, you should perform the manual balance carryforward for customer and vendor accounts at the start of the new fiscal year. Conversely, postings to a previous year (any year preceding the year of the date of entry) cause the balance carryforward to be updated for subsequent years.Fixed asset accounts: Due to the fact that there is a journal entry, the balance carryforward of Asset Accounting is integrated with the balance carryforward of General Ledger Accounting. The balance carryforward carries the general ledger values and the statistical fixed asset values forward to the new year.
Key features: The balance carryforward is executed as follows: Balance sheet accounts and customer and vendor accountsThe balances on the balance sheet accounts are simply carried forward into the new fiscal year. With the default setting, all account assignments are transferred. Profit and Loss AccountsIncome statement (P&L) accounts are carried forward to retained earnings accounts. Additional account assignments are not transferred. With the standard settings, balances are carried forward in summarized form to the retained earnings accounts. You can define the level of summarization in Customizing. To do this, in the Implementation Guide for Financial Accounting choose General Ledger Accounting  Periodic Processing  Carry Forward  Enter Detail Specifications for P & L Accounts.Here, you enter the additional account assignments. Transaction currencies are no longer applicable and the profit and loss accounts are summarized in local currency. You can use an indicator in the master record of the retained earnings account to control balance carryforward in transaction or local currency.  Fixed asset accountsThe system carries all general ledger-relevant values and statistical fixed asset values forward with a balance carryforward. The system writes values carried forward on accounts and ledger level for each fixed asset. The fixed asset accounts are carried forward to the same accounts.The balance carryforward must be executed for all representative ledgers. The balance carryforward program can only perform the balance carryforward in Asset Accounting automatically when this was successfully performed in General Ledger Accounting.In order to determine the planned depreciation values for the depreciation run, the system automatically triggers a recalculation of values for all fixed assets in the new year. If errors occurred, you should start the recalculation again manually.  General Functions Automatically Adjusting Balances Carried ForwardWhen you carry forward the balances for G/L accounts at the end of a fiscal year, the system automatically adjusts the balances when you post values to the previous year. The system uses an indicator to determine whether the balances have been carried forward. Once this has been done, the balance is automatically carried forward whenever a posting is made, even when a posting is made to the previous year. It is therefore not necessary to execute the balance carryforward again. Account AdjustmentIf you discover that a G/L account had been mistakenly set up in the prior year as an income statement account instead of a balance sheet account (or vice versa), you first adjust the G/L account master record and then rerun the balance carryforward program. CurrenciesWhen you execute balance carryforward, all currencies of the ledger are automatically carried forward.