All FI consultants kindly clarify my doubt regarding Balance Carry forward.
Company is maintained with Fiscal Year variant V3(April-March) so we are closing and balance carry forward is done by March.The problem is, month end closing of account is done on 20th of every month.During the year end closing we are doing it on the end of March.Now we encounter a problem that what to do with the items which are created during the period March 20th till end of March.Kindly suggest a solution.
Month End Closing - 3/20
Year End Closing - 3/31
Items during the period - 3/20 to 3/31 ??? How to carry forward these items?
Note: This is a problem encountered between FI & MM.
If you check the help.sap.com reg. carry forward of balances, it is clearly mentioned there that if you make entries after doing the carry forward of balances activity then account balances will automatically get updated. So, if you make some entries after 20 the but before 31st..account balances will automatically get update.
This is a very generic activity especially in India because even after doing the carry forward of balances activity, users need to pass various entries which come across while auditing.