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How to Roll Forward Balances at Year End in SAP Business ByDesign

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How To Roll Forward Balances at Year End Step 1: Ensure Next Fiscal Year is Open. Navigate to General ledger WoC > Sets of Books and Assigned Companies: Select company, if more than one, > Select Edit Fiscal Years: Ensure next fiscal year has been opened with Fiscal Year Status of 1 – Not Blocked. If not, select New Fiscal Year to create. It should default to Not Blocked. Note: Only 3 fiscal years may be open at one time. The Balance Carryforward view in SAP ByDesign gives users the ability to carry forward the balances of your G/L accounts in the new fiscal year. In this document we will cover how to create new fiscal years and close existing ones. Below are instructions to help you understand the Balance Carryforward process and gain a deeper understanding of how to perform year-end aspects of the closing process within SAP ByDesign.

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