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Tutorial: An unbooked profit or loss carryforward appears in the balance sheet. Where does it come from and how is it correctly booked? Also: Intentionally carrying forward profit or loss.
Contents
If the profit or loss was allocated in the previous accounting period, the opening amount (January 1) of the line Unbooked profit / loss carried forward and Unposted profit / loss below will be 0.00.
If this has not yet been done, see year end closing tutorial
Failure to do so will result in an unposted profit/loss carryforward, see 2.
If a profit/loss carryforward is desired, not all or none of the profit/loss is posted when the profit/loss is allocated. The amounts are posted in the profit/loss allocation dialog during the annual financial statement.
If an amount is left here so that a red difference appears, it can still be saved.
If the profit or loss was not fully or partially allocated in the previous fiscal period, an unbooked profit/loss carryforward will automatically appear in the balance sheet for the following fiscal period. In the example, 40T remained as profit carried forward and the 55T was allocated from the unbooked profit to the reserves.
A profit or loss carried forward is booked by adding the amount of the profit or loss carried forward from the previous year to the appropriation of profit or loss in the year-end closing dialog.
In the example, the 40T from the profit carried forward is added to the profit calculated by CashCtrl of 401.93. Although CashCtrl shows a difference in red, it can still be saved.
If the booking from the previous step is saved in this way, the carried forward amount of 40T disappears from the line Unposted profit/loss carried forward. This can be seen when comparing the columns Closing I and Closing II. The figures before and after profit/loss allocation are shown here.
