Module:

Financial Accounting

Area:FI Accounts Receivable and Accounts Payable - Year End Closing - Carry Forward of Balances

INTRODUCTION AND PREPARATION STEPS NO 1 DESCRIPTION Execute transaction code F.07 Balance Carry Forward COMMENTS AND NOTES Execute transaction code F.07 Balance Carry Forward

Introduction:
This program calculates the balance carried forward for customers and/or vendors. The balances of the previous year are carried forward to the new year. If the account has not yet been posted in the new year and no balance carried forward has been carried out for this account, the account is opened in the new year with the 1st balance carried forward; otherwise, the balance carried forward of the account is stored in the new year if changes result. SAP recommends that the program is run at the beginning of the new fiscal year. If the program is already run at the end of the last fiscal year, postings which are posted after this to the last fiscal year, do not result in automatic adjustment of the balance carried forward because it is not a "posting to a previous year". In such a case, it is necessary to let the program run again after these postings to carry forward the postings entered later. The program can be started as often as desired.

TRANSACTIONAL STEPS
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BUSINESS PROCESS STEPS GL Carry Forward of Balance

DATA INPUT / DESCRIPTION Menu Path Accounting Financial Accounting Accounts Receivable Perodic Processing Closing Carry Forward F.07 Balance Carry Forward The requirement to perform an year end close in SAP and carry forward all the Accounts Receivable and Accounts Payable Balances to the new financial year. Enter the transaction code in the command box on the easy access screen which will take you to the carry forward of balances screen.

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DATA INPUT / DESCRIPTION In case the balances have been automatically carried forward and if there are no changes to be done by the transaction, the transaction would inform the same.

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