Group Reporting Balance Carryforward – Key Points:
Run balance carryforward in the data monitor in the first closing period of a new year.
Balances of balance sheet and statistical FS items from the previous fiscal year are copied into the current fiscal year.
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 Balance Carryforward task only appears for the first closing period for each fiscal year in the data monitor