Year-end carry forward is the last activity you should perform in your year-end

close.
The following steps need to be performed in Oracle GL before you initiate your
year-end carry forward:

1) Post all your encumbrance, budget, and actual journal entries using the Post
Journals form.

2) The status of the last period of your current fiscal year must be Closed,

3) the status of the first period of your next fiscal year must be Open.
(Using the Open and Close Periods form for step 2 and 3.
Navigate/Setup/Open/Close)

4) Open your next encumbrance year using the Open and Close Periods form.

5) Open the next budget year using the Define Budget form.

6) Use the Encumbrance Trial Balance Report to review the encumbrance balances and
activity for your GL Accounts in detail. This report will give you a snapshot of
all your encumbrance balances BEFORE you initiate year-end carry forward.
You can choose the encumbrance type on which you want to report, as well as the
accounting period.

7) Now only; run Carry Forward year-end encumbrances.

Perform the year end carryforward process for the different ranges of accounts and
different encumbrance types; i.e. Commitments and Obligations.
The Carry Forward Rules are:

Encumbrances Only: General Ledger determines the year-to-date encumbrance balances

as of the end of the fiscal year and carries forward those balances as the
beginning balances of the first period of the next fiscal year.
Encumbrances and Encumbered Budget: General Ledger determines the year-to-date
encumbrance balances as of the end of the fiscal year and carries forward those
balances, plus equivalent budget amounts, as beginning balances of the first period
of the next fiscal year.
Funds Available: General Ledger calculates funds available as year-to-date budget
balances less year-to-date actual and encumbrance balances. General Ledger carries
forward budget amounts equal to funds available at the end of the fiscal year as
beginning balances of the first period of the next year.

The year end carry forward process carries forward encumbrances YTD balances across
fiscal year boundaries for selected account ranges.
It maintains correct YTD balances by directly updating the YTD beginning balances
of all periods in the new fiscal year.
Based on the rule chosen (e.g. encumbrances only, funds available, encumbrances and
encumbered budget), encumbrance and/or budget accounts are updated.

If the preview option is "Yes", then the program only produces a report showing the
proposed carry forward accounts and amounts.

If the preview option is "No", then the program actually updates the balances and
produces the report.
The program can be run several times for different account ranges and different
encumbrance types.
You must ensure that you do not run the program multiple times for the same
account, unless you are using the rule Encumbrances Only - in this case the program
just takes the new encumbrances ending balance amount and replaces the next year
begin balance, so when re-run it will only update the accounts with changed
balances.