Things to Know About the Fiscal Year Change in Asset Accounting
For example, the balance carryforward has already been executed and you are asking yourself: Do I need to re-execute it after I post to the previous fiscal year (YYYY-1)?
The answer is: No, you do not need to perform the balance carryforward again in this case. The system has already executed the balance carryforward automatically at the end of the fiscal year (YYYY-1) and at the start of the fiscal year (YYYY). This means that the system automatically transfers all subsequent postings for fiscal year YYYY-1 to the current fiscal year YYYY.
Are you asking yourself: What are the prerequisite circumstances in which I can close a fiscal year or how I should best handle a new company code?