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Former Member

Balance of balance sheet accout not getting carry forward properly

Hello Experts,

There is one particular balance sheet account (a/c name is profit/loss brought)   for that closing balance is not getting carry forward properly to next year.

If i am checking closing balance of 2013 for that particular account, I found it is not matching with opening balance of year 2014.

What would be the reason, please advise.

Thanks

Manoj

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1 Answer

  • Best Answer
    Jan 05, 2015 at 09:16 AM

    Hi Manoj,

    It adds/subtracts the profit/loss for the previous year, when you check the opening balance for next year.

    Regards,

    Mukthar

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    • Former Member Former Member

      Hi Monoj,

      No need to do any direct postings to this GL account, only the net profit from P&L will transfer to this account automatically. The standard SAP coding has been designed like that.

      It should not be a B/S account, please check in the previous year how the balance was updated after year end balance carry forward.

      Regards,

      Ravi