1. Administering Financial Consolidation and Close
  2. Working with Rules
  3. Working with Configurable Calculations
  4. System Calculations
  5. Opening Balance Carry Forward

Opening Balance Carry Forward

Opening Balance Carry Forward is a built-in system calculation to automatically carry forward the Opening Balance. It retrieves the Closing Balance from the prior period and stores it in the Opening Balance member for all financial accounts. It will dynamically retrieve the proper Closing Balance based on the view (Periodic, QTD, HTD, YTD).

Applicable Consolidation Members

Each member in the Consolidation dimension represents data in different stages within the consolidation process.

For each rule, you can see the Consolidation dimension members for which the calculation will be processed.

In this rule where you are processing local currency data, you would run the calculation for these members:

  • Entity Input

  • Entity Consolidation (for Parent entity)

  • Elimination Adjustment (member for Ownership Management)