Other Obligation Balances Cross Accounting Year Control Budgets

The encumbrance balances for income statement accounts are reset to zero in the general ledger when the next accounting year begins.

When all control budgets have periods that span more than one accounting year, to keep the accounting and budgetary control balances synchronized, run the Encumbrance Year-End Carry Forward task on the Budget Manager Dashboard. This process only moves the accounting balances and has no effect on the budgetary control balances. When some control budgets have periods that span one accounting year or less and some control budgets have periods that span more than one accounting year, special consideration will need to be made to make sure the accounting and budgetary control balances are synchronized for all control budgets. You can run this in Preview mode to preview the changes before you committing the changes by running it in Final mode.

You need to specify Carry forward rule while running Encumbrance Year-End Carry Forward process. You can create Carry forward Rules to specify the range of accounts which you want to Carry Forward.