Hi,
Is there a way to do a balance carry forward on a monthly basis?
Customer's current practice from their legacy system to move the P&L balance to retained earnings on a monthly basis. In summary, they do hard close every month.
I may have missed any configuration/setup as from what I'm seeing we are only able to do a soft close per month, meaning we only lock the periods. There is no actual postings to transfer to retained earnings on a monthly basis.
Thank you.