General parameters > Chapter Accounting > Parameter FRWGAC (General carryforward) 

Index

Use this parameter to define how carry-forward balances are managed for a general balance year-end simulation.

This parameter does not have any impact on the simulation carry-forward functionality.

A year-end simulation can include updating the balance of the carry-forward entries so you can generate inquiries and reports with balances being carried forward even if the previous fiscal year is not closed.

If Yes, the balance of carry-forward entries is updated in real time for the next open year-end balance.

For example:

Fiscal years 2015, 2016, and 2017 are open. A journal entry is posted for 2015 on the balance sheet accounts with carry-forward management and carry-forward records are created in 2016 in the general balance and in the pre-consolidated balance for ledgers with consolidation management.

If No, the balance of carry-forward entries is not created in the general balance nor in the pre-consolidated balance for the next open year-end balance.

For example:

Fiscal years 2015, 2016, and 2017 are open. A journal entry is posted for 2015 on the balance sheet accounts with carry-forward management.

When posting a journal entry in 2015, carry-forward records are not created in the general balance nor in the pre-consolidated balance for 2016. You need to run the simulation carry-forward functionality on 2016 to generate the carry forward records in both the general and pre-consolidated balances.