'Difference to be cleared in b/fwd’ warning on the SOCIE

The below Difference to be cleared in b/fwd warning, on the prior year Statement of Changes in Equity (SOCIE), is due to the current year brought forward amount disagreeing with the prior year closing balance.

In this example, the Profit and Loss Account closing balance at 31 December 2020 was £18,016,998.

However, the amount brought forward on 1 January 2021 was 18,026,998.

The 10,000 difference is the difference between these two amounts.  

To clear this warning, you must adjust either the current year brought forward figure or adjust the prior year figures in the trial balance so that both amounts agree.

This should be completed using an adjusting journal.

The current year brought forward balance is located in the H03.01.00.01 map code.
The prior year closing balance is a calculation of the prior year figures in the Profit and Loss statement.

Closing amount 2020	Opening balance 2021