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Balance carry forward for customers and suppliers

The balance carryforward for customers and suppliers transfers the reconciled personal account balances into the new period and thus maintains the connection to receivables and liabilities.

Balance carry forward for customers and suppliers

The balance carryforward for customers and suppliers transfers the reconciled personal account balances into the new period and thus maintains the connection to receivables and liabilities. In the following financial years, the balances of the balance sheet accounts are automatically updated.

Why this point is crucial for key users

When you move into the new year, it's not just the sums that should be right. The team still needs to identify which customer is still paying and which supplier is still receiving payment.

Fields and settings at a glance

  • Choose that Opening balance account against which the opening balances should be posted. For example, account 9008 for balance carryforwards from customers.

Register overview

  • Balance carryforward number: Unique number of the created lecture; is displayed by attachment.
  • Creation date: Time of creation for traceability.
  • Accountant: Person responsible for the process. By default the logged in user is suggested.
  • Document date: Technical date of the balance carried forward.
  • posting period: Open target period in which the presentation is posted.
  • Document number: External or internal proof of reconciliation.
  • Info: Short, verifiable description of the lecture.

Positions tab

  • Select using the switch Add customer account/supplier account the relevant customers or suppliers.
  • Enter the amount that should be posted as a balance carryforward.

note: Customer invoices are recorded without a sign and the posting is made to the customer account as a debit. Supplier invoices are also recorded without a sign and are posted to the supplier account in credit. You record credits with minus.

  • With the switch Book the postings are generated.
  • The switch Remove deletes individual positions from the proposal.

How to prepare for the process safely

  1. Reconcile customer and supplier balances against open items and collection accounts.
  2. Select target period, document date, responsible person and offsetting account.
  3. Check partners, debits/credits and offsetting accounts item by item.

Check before sharing

  • The target period is open and belongs to the new year.
  • Each amount is assigned to the correct partner.
  • Customer, supplier and master account totals match.
  • Open items remain technically understandable.

What your team gets out of it

Receivables and payables change throughout the year without losing their history or jurisdiction.

Related topics

  1. For key users – understand and prepare processes › Finance › New year work › Balance carry forward for general ledger accounts
  2. For key users – understand and prepare processes › Finance › Check data

Frequently asked questions

Why is balance carryforward for customers and suppliers important for key users?

When you move into the new year, it's not just the sums that should be right. The team still needs to identify which customer is still paying and which supplier is still receiving payment.

What needs to be checked before release?

Each amount is allocated to the correct partner. Customer, supplier and master account totals match. Open items remain technically understandable.