Balance Carried Forward

In this step you set up the function for carrying balances forward in Profit Center Accounting.

You need to do this if you want to transfer additional balance sheet and profit & loss accounts to Profit Center Accounting.

This function makes it possible to carry forward balance sheet and income statement accounts. The balance sheet accounts are carried forward to the same account, while those of income statement accounts are carried forward to retained earnings accounts.

Example

You transfer postings made to balance sheet accounts in Financial Accounting to Profit Center Accounting. You want to carry the balances of these accounts forward when you perform your year-end closing activities.

Further notes

For more information about carrying balances forward, see the online manual for Profit Center Accounting under Actual Data -> Periodic Activities.