on 03-24-2011 9:34 AM
Hello Friends,
I am doing the year-end roll over for the first time and unsure of the following here;
1. Understand I have to run F.07(for AP & AR) and F.16(for GL) to carry forward the balances to the next Fiscal Year but the question is when do I run this. We leave the AP/AR/GL open until the first week of April when we will finally close the ledgers for March month-end.
If I do this on 31st March, the balances of FY2011 will be carried forward to FY2012 say the balance on a GL account was £100,000 which got carried forward to FY2012. Postings on 02.04.2011 to the March period were £20,000 when the actual balance for upto March would be £120,000 but the carried forward balance to FY2012 was only £100,000.
Am I wrong in my logic or missing something ?
Please add your valuable thoughts to allow me understand this concept.
Many thanks.
Mohammed.
Thank you guys for further info. However, I ascertained that the AP & AR(assume even AA) will not automatically update the trans after carry forward step. Automatic update happens only for GL postings.
Rgds
Mohammed.
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Hi,
Once you carry forward the balances, SAP automatically updates the opening balance, with any transactions that are related to the previous financial year posted after the carryforward.
so it is right to say that, balance carry forward is to be done only once, even though you post transactions to previous year after that.
Regards,
AB
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Hi,
If you rerun the carryforward program it will show you the correct amount to be carried forward. You can run C/F programs mutiple times
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