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Chapter 19 ■ Customizing New General Ledger Accounting
Balance Carry Forward (General Ledger)
Balance carry forward for the new fiscal year also needs to be performed manually for general ledger
balances, like the balance carry forward for customer/vendor. Once this function is performed, G/L balances
are carried forward to the new fiscal year. This function can be performed several times. It is ideal to repeat
this function when there are inconsistencies between the previous and current fiscal year G/L account
balances.
Once balance carry forward for G/L accounts are performed, the following G/L balances are
automatically carried forward:
• Balance sheet account balances
• Profit and loss account balances to a retained earnings account
• G/L account balances
To execute the BALANCE carry forward (general ledger), follow this menu path: Accounting ➤
Financial Accounting ➤ General Ledger ➤ Periodic Processing ➤ Closing ➤ Carrying Forward ➤ Balance
Carry Forward (New). Or use transaction code FAGLGVTR. The Balance Carryforward screen is displayed
(Figure 19-31).
Figure 19-31. Executing a balance carry forward (general ledger) for the leading ledger 0L
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Update the following fields: Balance carry forward function:general ledger
Ledger: Enter the ledger 0L you want to take into consideration in your balance
carry forward. In this case, it is the leading ledger.
Company Code: Enter company code C900.
Carry Forward to Fiscal Year: Enter the fiscal year (current fiscal year) that you
want to carry forward balances to in this field.