Balance carryforward (BCF) involves carrying forward account balances for all currencies into the new fiscal year. The balance carryforward is automatically scheduled to run two weeks before the start of a new fiscal year and opening balances for a fiscal year are made available.
Furthermore, balances are automatically updated whenever postings are made to the previous fiscal year. To handle postings that are made while a balance carryforward run is in process, balances are carried forward one day after the automatic balance carryforward is activated.
If you'd like to manually schedule the balance carryforward, you can use the Balance Carryforward job template in the Schedule General Ledger Jobs app.
I would like to further clarify the statement "balances are automatically updated whenever postings are made to the previous fiscal year" from your previous reply.
May I kindly confirm if this means that, in the event of any posting to the previous fiscal year—after either a manual or automatic balance carryforward has already been executed—the new journal entry will be automatically reflected in the current fiscal year’s opening balances?
Bluesky
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