Gl Balances Carry Forward FY New

[pranav_gupata]

Hi Expert,

We are going to carry Forward for GL Balances for Last Fiscal Year 2013 , now we are open and carry forward for the same from 2013 to 2014, kindly let me know, there is any Precaution for that before going to carry Forward the Gl balances. as well Vendor and Customer.

Kind regards

Pranav Kr. Gupta

SAP FICO Consultant

[ajaycwa1981 · Accepted solution]

Hi Pranav

1. Ensure that no one is posting to Previous FY while you are doing the Balance C/f

Ideally you close the FY 2013 and then do the same

2. Ensure that no one posts to FY 2013 after you do Balance c/f

These are the only precautions needed

Br, Ajay M

[Former Member · Accepted solution]

Hello Pranav,

One additional point which I thought of mentioning  --

Hope you have finished the Asset accounting steps first before you move to GL balance carry forward.

BR,

Avinash

[pranav_gupata · Accepted solution]

Hi Avinash Sir,

You mean to say that untill n unless we cannot RUN AFAB Dep.Posting, we cannot do this activity for GL Transffreed for Fiscal year 2014. we are following Domestic V3 April to March. 2013 FY already Closed.

Kindly advice sir,

Thanks

Pranav Kr. Gupta

[ajaycwa1981 · Accepted solution]

Hi Pranav

See, AA closing will take time..

Assume your FY ends on Dec 31.. Say, by, Jan 15 or so you close the previous FY

But, AA closing is something which will take time, because Auditors certify the Fixed assets somewhere around March or so

So, you can ideally, do the GL Balance C/f in March after Asset balances are also certified and you do AJAB

Else, you can do Balance C/f once in Jan and then again in March

Choice is yours

Br, Ajay M

[pranav_gupata · Accepted solution]

Hi Ajay sir,

AJAB then AJRW or coz two days before same thing getting error Fiscal year not open for Asset i did same thing AJAB the AJRW, simententiously, then problem has been resolved, if m nt wrong,

now next month for we will go for Deperication posting for FY 2013, we are following April to March Financial Year. and we are not doing periodically once in a Year .

so at the time of Depreciation system will thorw any error.. coz till now we ve nt try even in Test Run as well.

note : but sir, my Question is if i RUN AFAB for Depreciation for Fiscal Year 2013, the balance of GL will reduce from asset . and we have done GL Balances Forward for FY 2013 to 2014, after posting GL balance will not suppose to show.. in this wht should i do. if m wrong to telling , kindly correct me.

Thanks

pranav Kr. Gupta

[former_member191939]

Hi Pranav,

F.16/FAGLGVTR has to run in real time to forward GL balances from one fiscal year to another.

F.07 Carry Forward Receivables/Payables has to run in real time.

All P/L Accounts balances will be moved to Retained earnings account

All Balance sheet accounts will be moved to same GL Accounts

But once you run FAGLGVTR without test run, you would be able to confirm GL balances by displaying the balance for that account in fiscal year 2013; you can use T code FAGLB03.

Regards

Eugene