Hello All,
In BPC, how do we handle opening balances? In our scenario, the consolidation is to be performed every month.. When we do Carry Forward, we bring the Closing balance of the previous period as Opening Balance of the current period. Should we perform Carry Forward every month? If not, how do we show Opening balances every month? If yes, then what is the impact of P&L items when we do Carry forward? In either case, when the Trial Balance is loaded, will it update the Opening Balance Flow at all?
Regards,
Raja