Outlining Balance Carryforward

Objective

After completing this lesson, you will be able to discuss balance carryforward in SAP S/4HANA on Cloud for group reporting

Balance Carryforward

Group Reporting Balance Carryforward – Key Points:

  • Close the periods of the prior year.

  • Run balance carryforward in the data monitor in the first closing period of a new year.

  • Asset items and Liability/equity items are carried forward to the same FS item as in the previous year.

  • Profit and Loss (P&L) statement items are not carried forward.

  • Statistical FS items are not carried forward unless specified explicitly.

  • Current-year Retained Earnings are carried forward to Prior-year Retained Earnings.

  • Data is carried forward into period 00 in ACDOCU into the opening balance subitem (900).

  • The opening balance subitem can only be posted to via the Balance Carryforward task.

  • Balance carryforward is only run once per fiscal year.

The figure explains the Concept of Balance Carry Forward which is executed in the new year and which copies balance sheet and statistical FS items from the previous fiscal year into the current fiscal year (i e. the new year).

Summary

  • Balance carryforward runs once annually in first closing period of new year.
  • Copies balance sheet FS Items and statistical FS Items (if specified explicitly) to period 00.
  • Current-year Retained Earnings is transferred to Prior-year Retained Earnings automatically.
  • Opening balance subitem (900) only posts through the Balance Carryforward task.

Learning

SAP FacebookSAP YoutubeSAP LinkedIn