How to use OBK8 - G/L Accounts Balance Carried Forward

SAP Transaction Code - Details

• Transaction Code: OBK8

  Description: G/L Accounts Balance Carried Forward

  Release: S/4HANA and ECC 6

• • Program: SAPMS38M

    Screen: 101

    Authorization Object:

  • Development Package: FB0C

    Package Description: Financial Accounting customers

    Parent Package: APPL

  • Module/Component: FI-AR-AR

    Description: Basic Functions

Smart SAP Assistant

• SAP Tcode: OBK8 - G/L Accounts Balance Carried Forward

  
  Overview:
  The SAP transaction code OBK8 is used to carry forward the balance of a G/L account from one fiscal year to the next. This is done by creating a new balance sheet item for the G/L account in the new fiscal year. 
  
  Functionality: 
  The OBK8 transaction code allows users to carry forward the balance of a G/L account from one fiscal year to the next. This is done by creating a new balance sheet item for the G/L account in the new fiscal year. The balance sheet item will contain the opening balance of the G/L account from the previous fiscal year. 
  
  Step-by-step How to Use: 
  1. Enter transaction code OBK8 in the command field. 
  2. Select the company code and fiscal year for which you want to carry forward the G/L account balance. 
  3. Select the G/L account for which you want to carry forward the balance. 
  4. Enter a description for the new balance sheet item that will be created for this G/L account in the new fiscal year. 
  5. Enter the opening balance of this G/L account from the previous fiscal year in the “Opening Balance” field. 
  6. Click “Save” to create a new balance sheet item for this G/L account in the new fiscal year with its opening balance from the previous fiscal year. 
  
  Other Recommendations: 
  It is important to note that when carrying forward a G/L account balance using transaction code OBK8, it is necessary to ensure that all postings related to this G/L account have been posted in both fiscal years before carrying forward its balance. Additionally, it is important to ensure that all postings related to this G/L account have been posted in both fiscal years before carrying forward its balance, as any postings made after carrying forward its balance will not be reflected in its opening balance in the new fiscal year.