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:

  • 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

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).

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