Annual Carry Forward

This routine is used to zero the opening balances for the following year. Transactions, except those regarding acquisitions, cannot be made in the following year without first carrying forward from the current year.

The annual carry forward must be executed while closing the fiscal year. In the Assets module, the fiscal year closes after calculation of December 31.

ebf116ed-6308-487b-aa26-ccff37f5f7c2Tip::

The date of the new balance will be the system date.

Procedures

Performing the annual carry forward:

1. In Annual Carry Forward, click Parameters.

ebf116ed-6308-487b-aa26-ccff37f5f7c2Tip:

To perform the annual carry forward by branches, enter Yes in the Select Branches field and determine the branch range you want.
2. Configure them according to field help instructions.
3. Check data and confirm them.

ebf116ed-6308-487b-aa26-ccff37f5f7c2Important:

You can transfer the balances of depreciation and indexation for next year; all values are grouped into a single balance that should be the starting balance. Enter the dates as the parameters in the Processing screen, option Annual Fixed Assets Transfer and the Annual Fixed Assets Carry Forward is processed, updating specific fields (Accumulated Indexation Currency 1 and Accumulated Depreciation Currency 1).