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FI Closing-balance carryforward

Hi Experts

We are in the proces of year end closing. Our fiscal year ends in September.

I would like to know if we can make postings in the new fiscal year without doing the balance carryforward. Can the balance carryforward (AP, AR, GL) be done in October (Period 1 - new fiscal year).

Will the above apply to Asset accounting also, i.e, can we make postings in the new fiscal year to assets before we do the balalnce carry forward. Can the balance carryforward for Assets be done in October (Period 1 - new fiscal year).

Thanks

Raz

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