Functionality of General Ledger Setting for Create Carryforward BUA at Year End

What is the General Ledger setting for Create Carry forward BUA at Year End used for?

• Munis 
• General Ledger Settings
• Year End Close

Functionality of Create Carry forward BUA setting.

Work ticket MUN-264815 updates to the functionality for the Create Carryforward BUA during year end to follow GAAP Guidelines

This setting determines whether or not the system will create a carry forward budget amendment for the amount of any carry forward encumbrances.

If your Carryforward Method is type 1 - GAAP or type 4 - Transfer, this option is selected automatically and cannot be changed.

If your carryforward method is 2 - Budgetary, this option is un-checked and cannot be changed.

If your Carryforward Method is 3 - GAAP/Budgetary Combined, this box can be changed to fit your site's needs.

When carryforward method 3 is used and the Create Carryforward BUA at Year end option IS checked, the reclassification journals will be auto generated to offset the Carryforward BUA Journals that are created.

When carryforward method 3 is being used and the Create Carryforward BUA at Year End option IS NOT checked, reclassification journals will not be generated. See Journals were not created during year end close for details. 

Assistance changing the Budget Carry Forward method in General Ledger Settings