SAP Fi
Purpose
Use this procedure to carry forward the customer and vendor balances of the previous fiscal year
to the new fiscal year. The amounts of the open balances will be carried forward and are reflected
in the “Balance Carryforward” amount when displaying a particular customer or vendor balance
display.
The program can be executed as often as necessary. If this program has not been executed,
transactions can still be posted to the customer or vendor account in the old fiscal year but the
carry forward balance will not be reflected in their account balance.
Trigger
Perform this procedure at the beginning of a new fiscal year. After this process is run, if posting
has occurred to customer or vendor accounts in the previous fiscal year, then this process must be
run again to bring the correct balance forward.
Prerequisites
• There must be customer and vendors established in SAP.
Menu Path
Use the following menu path(s) to begin this transaction:
• Select SAP Menu Accounting Financial Accounting Accounts Receivable
Periodic Processing Closing Carry Forward F.07 – Balance Carryforward.
Transaction Code
F.07
Helpful Hints
This process should be run at part of the year end process.
Purpose
Use this procedure to carry forward the customer and vendor balances of the previous fiscal year
to the new fiscal year. The amounts of the open balances will be carried forward and are reflected
in the “Balance Carryforward” amount when displaying a particular customer or vendor balance
display.
The program can be executed as often as necessary. If this program has not been executed,
transactions can still be posted to the customer or vendor account in the old fiscal year but the
carry forward balance will not be reflected in their account balance.
Trigger
Perform this procedure at the beginning of a new fiscal year. After this process is run, if posting
has occurred to customer or vendor accounts in the previous fiscal year, then this process must be
run again to bring the correct balance forward.
Prerequisites
• There must be customer and vendors established in SAP.
Menu Path
Use the following menu path(s) to begin this transaction:
• Select SAP Menu Accounting Financial Accounting Accounts Receivable
Periodic Processing Closing Carry Forward F.07 – Balance Carryforward.
Transaction Code
F.07
Helpful Hints
This process should be run at part of the year end process.
Title:
Balance Carry Forward AR and AP 11/20/07
Functional Area :
Finance
Process :
General Ledger
File name:
~BPP_FI_GL_F.07_BALANCE_CARRYFORWA
RD_AR_AP_112007.DOC
Version:
08 SBBC Final Review
Last Modified:
11/28/2007
Work Instruction
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Work Instruction
Balance Carry Forward AR and AP 11/20/07
F.07
Purpose
Use this procedure to carry forward the customer and vendor balances of the previous fiscal year
to the new fiscal year. The amounts of the open balances will be carried forward and are reflected
in the “Balance Carryforward” amount when displaying a particular customer or vendor balance
display.
The program can be executed as often as necessary. If this program has not been executed,
transactions can still be posted to the customer or vendor account in the old fiscal year but the
carry forward balance will not be reflected in their account balance.
Trigger
Perform this procedure at the beginning of a new fiscal year. After this process is run, if posting
has occurred to customer or vendor accounts in the previous fiscal year, then this process must be
run again to bring the correct balance forward.
Prerequisites
•
There must be customer and vendors established in SAP.
Menu Path
Use the following menu path(s) to begin this transaction:
•
Select
SAP Menu
Accounting
Financial Accounting
Accounts Receivable
Periodic Processing
Closing
Carry Forward
F.07 – Balance Carryforward
.
Transaction Code
F.07
Helpful Hints
This process should be run at part of the year end process.
Procedure
1.
Start the transaction using the menu path or transaction code.
SAP Easy Access
2.
Double-click
Carry Forward Receivables/Payables
3.
As required, complete/review the following fields:
Field Name
R/O/C
Description
Company code R The Company Code is an organizational unit within financial
accounting.
Broward County Public Schools (BCPS) is only using
one company code. This field should always be
SBBC.
Example:
SBBC
Carryforward to fiscal
year
R Description of the Carryforward to fiscal year.
Example:
2008
4.
Click
to carry forward balances for customers.
5.
Click
to carry forward balances for vendors.
6.
Click
to run process in a test to ensure there are no errors
before running process in production.
7.
Click
to provide details in regards to the process.
8.
Click
to execute program in the test mode.
Carry Forward Receivables/PayaFor the Year 2008 Test Run
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