Is Balance Carry Forward in S4HANA Cloud 2002 automatically done or do we still need to run the app 'Carry Forward Balances' for this fiscal year ?

[former_member726306]

We have a fiscal year from 1st of April 2019 to 31st of March 2020. So I need to be sure if the balance carry forward for our subsidiaries in S4HANA Cloud 2002 needs to be done in the beginning of April or that it will done automatically? And when will it be done? And if there are still postings after the balance carry forward, how will that work? Are these also automatically transferred or do you still have to do that manually via the app 'Carry Forward Balances'? In the testscript of 2002 there is still the explanation how to run this app.

Kind regards,

Peter

[former_member726306 · Accepted solution]

Hi Ana,

Do you also know if there are some prerequisites to run the 'Carry Forward Balances' in CE2002? So I know that the last depreciation run has to be done of the last fiscal period in the current fiscal year. But are there other prerequisites like it has to be done before a specific day or other application? Or other activities which need to be done first?

Regards,

Peter

[Mark_W · Accepted solution]

Hi Peter,

In relation to Asset Accounting, consulting note

2858021 - FAQ – Fiscal Year Change in Asset Accounting

https://launchpad.support.sap.com/#/notes/2858021

is a good one to keep note of, it will give you a good picture from AA.

Also worth noting, you won't be able to close a fiscal year if there are depreciation recalculations or outstanding depreciation postings to be made.

2898414 - Error AU267 closing fiscal year in Make Company Code Settings app

https://launchpad.support.sap.com/#/notes/2898414

2901641 - Error AU268 closing fiscal year in Make Company Code Settings app

https://launchpad.support.sap.com/#/notes/2901641

Thanks

Mark

[former_member726306 · Accepted solution]

Hi Mark,

Is there also a dependency to run the app 'Carry Forward Balances' before you do a first asset transaction in the new fiscal year?

Kind regards,

Peter

[Mark_W · Accepted solution]

Hi Peter,

Yes, to post into the new fiscal year you will be required to execute the Carry Forward Balances, so the system has opening balances for the new fiscal year. Then posting can go ahead.

FYI It's possible in Asset Accounting to have two years open (limited to two), just be careful with 2020, like if you make a change to asset master data, like changing a depreciation key and the intention is just for 2020, the change will impact all open years, so keep that in mind. And once you are finished with your posting for 2019, close the year.

And further on from this with the two year rule, if you went ahead and opened 2021, the reopening 2019 wouldn't be possible. So keep that in mind.

I hope that info is useful for you and gives you some context.

Thanks

Mark