Running Balance Carryforward for the New Year

In the Run balance carryforward in the data monitor figure, the Item PY317000 for 2022 is carried forward to Item CY316000 in 2023.

In order to run the Balance Carrryforward task, follow these steps:

1. Set your global parameters to period 1 of the new year.
2. Run Balance Carrryforward.
3. View the log.

The log only displays FS items where the source FS item is not the same as the target FS item. For example:

• Current-year retained earnings 317000 in the prior year is the source.
• Prior-year retained earnings 316000 in the current year is the target.

In the Prior-year retained earnings and subitem rollups example, the 2022 value for prior-year retained earnings resides on the 915 variation transaction type as part of a start-up scenario data. Normally, prior-year retained earnings will only have values for opening balance.

In thePrior-year retained earnings and subitem rollups example:

1. FS item 311000 Issued Capital was carried forward to the same FS item for the local currency and group currency amounts.
2. FS item 316000 Prior-year Retained Earnings for 2023 = prior-year retained earnings 2022 + FS item 317000 current-year retained earnings for 2022.

In the following animation, you need to solve a business scenario. Note: there is no audio for this interaction.