---
title: "Reclassification of Profit or Loss from Previous Periods in Reporting Entities"
description: "You can use the Reclassification of profit or loss from previous periods in reporting entities app to automatically reclassify the period result from the previous year to carry it forward. The following functional topics are covered:\n\nReclassification of the period result from the previous year to carry it forward in local currency\nFixation of the historical exchange rate at foreign currency companies (in different display currencies)"
source_url: https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/report-analyze/elements-in-directory-structures/reclassification-of-profit-or-loss-in-reporting-entities
language: en
last_updated: 2023-08-16
---
# Reclassification of Profit or Loss from Previous Periods in Reporting Entities

## Overview

You can use the **Reclassification of profit or loss from previous periods in reporting entities** app to automatically reclassify the period result from the previous year to carry it forward. The following functional topics are covered:

- Reclassification of the period result from the previous year to carry it forward in local currency
- Fixation of the historical exchange rate at foreign currency companies (in different display currencies)

For reclassification purposes, the following can be configured for the reporting entities:

- Data level
- Adjustment level
- Transaction type
- Cost center (optional)

## Creating an App for Reclassification of Profit or Loss from Previous Periods in Reporting Entities

The app for **Reclassification of profit or loss from previous periods in reporting entities** can be created in any directory structure, provided that the element type **Next Generation App** has been [enabled for](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/konfiguration-der-arbeitsbereiche/create-configure-directory-structures.md) this directory structure.

To create the app, proceed as follows:

{% stepper %}
{% stepper-step %}
Ensure that the object type **App** has been [enabled](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/konfiguration-der-arbeitsbereiche/create-configure-directory-structures.md) in the [workspace configuration](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/konfiguration-der-arbeitsbereiche.md) for the directory structure under which you want to create the app.
{% /stepper-step %}
{% stepper-step %}
Navigate to the directory structure under which you want to create the app.
{% /stepper-step %}
{% stepper-step %}
Select the **root folder** of the directory structure or, if applicable, a **folder** under which you want to create the app, and select **Create | App** from the context menu.

The **Create Next Generation App** dialog appears:

Creating an app
{% /stepper-step %}
{% stepper-step %}
From the **App type** dropdown list, select the app for **Reclassification of profit or loss from previous periods in reporting entities.**
{% /stepper-step %}
{% stepper-step %}
Change the **name of** the app if necessary.
{% /stepper-step %}
{% stepper-step %}
Click **Save** to create the app and configure it as described below.
{% /stepper-step %}
{% /stepper %}

## Configuring an App for Reclassification of Profit or Loss from Previous Periods in Reporting Entities

To configure an app for Reclassification of profit or loss from previous periods in reporting entities, click the app in the structure view and click **Edit** in the displayed dialog.

Configure the steps as described below.

### Settings

In the **Settings** step, specify the posting details and the relevant reporting entities.

Step 'Settings'

#### Postings

**Data level**

Data level at which the reclassification is to be performed.

Closed or archived data levels cannot be selected.

**Period under consideration**

The period under consideration for which the transaction figures are to be read out as the basis for the reclassification.

**Posting month**

Month in which the app transfers the profit or loss from the previous period to the carryforward account.

{% info-box %}
- For **planning data levels,** the app also takes actual values into account if these fall within the period under consideration.
- The app automatically selects the month following the period under consideration as the month for performing the reclassification. If the last month of the period under consideration is also the last month of the data level, the reclassification is performed in the last month of the data level.
{% /info-box %}

#### Reporting entities

Reporting entities for which the reclassification is to be performed.

### Adjustment levels

In the **Adjustment levels** step, specify the **adjustment level(s)** for the reclassification of the values.

Step 'Adjustment levels'

{% info-box %}
The app also carries out postings at adjustment levels that are locked for other postings.
{% /info-box %}

### Reclassification

In the **Reclassification** step, specify the details for the reclassification.

Step 'Reclassification'

#### Net retained earnings

Account and/or the item(s) containing the transfer accounts of the period result.

The transaction figure of the selected account or item for the **Net retained earnings** is used as the base value for the reclassification within the app.

#### Reclassification

**Reclassification at cost center level**

Activate this option to perform the reclassification at cost center level.

If this option is activated, the reclassification is performed separately for each cost center.

**Cancellation of net retained earnings**

The account for the cancellation of the result for the period under consideration.

With the exception of transfer accounts, all elements of type **User-defined account** with the period type **Balance with carry forward from previous period** can be selected.

**Carry forward account**

The carry forward account to which the result for the period under consideration is to be reclassified.

With the exception of transfer accounts, all elements of type **User-defined account** with the period type **Balance with carry forward from previous period** can be selected.

**Transaction type**

The transaction type that the reclassification is to be performed in.

{% idea-box %}
- As long as a step has not been fully configured and/or configuration errors exist, it is displayed with a red exclamation mark .
- Once a step is configured completely and without any errors, it is displayed with a green check mark .
- You can close the configuration dialog by clicking the arrow icon at the top left.
- To change the name of the app, select the app in the tree view and choose **Properties** from the context menu.
{% /idea-box %}

## Executing an App for Reclassification of Profit or Loss from Previous Periods in Reporting Entities

You can execute the app for **Reclassification of profit or loss from previous periods in reporting entities** either **separately** or together with other apps in an **executable folder**.

### Executing the App Separately

To execute the app separately, click **Execute** at the top right of the **app's editing dialog**:

Executing the app separately

### Combining Apps and Executing Them Together

For better organization, you can create as many folders as you like in a directory structure.

You can group multiple apps together in folders and execute them together. Proceed as follows:

{% stepper %}
{% stepper-step %}
Ensure that the object type **Folder** has been [enabled for](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/konfiguration-der-arbeitsbereiche/create-configure-directory-structures.md) the directory structure in the [workspace configuration](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/konfiguration-der-arbeitsbereiche.md).
{% /stepper-step %}
{% stepper-step %}
In the tree view, select the element under which you want to create the executable folder and choose **Create | Folder** from the context menu.
{% /stepper-step %}
{% stepper-step %}
Enter a Name in the **Create folder** dialog and select a desired **Behavior** if there should be an error during execution of the folder:

 - **Continue execution**
 - **Cancel execution**
{% /stepper-step %}
{% stepper-step %}
Save the executable folder.
{% /stepper-step %}
{% stepper-step %}
Paste the apps to be summarized into the folder. Do one of the following:
 - Add existing elements using the menu commands **Cut and Paste**.
 - Create new apps in the folder using the **Create** context menu command.
{% /stepper-step %}
{% stepper-step %}
Execute the folder and all elements contained in it by clicking **Execute all subordinate elements** in the detail view of the folder.

Executing apps together in a folder

{% /stepper-step %}
{% /stepper %}
## Displaying and Deleting Created Elements

On the **Created elements** tab, the postings that were created during the app execution are shown.

The table provides the following information:

- **Type** of the element
- **Path** under which the element was created When you click on the link, you are taken directly to the posting in the relevant [journal](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/imports-journals/journale.md) or to the report.
- Date of the **last execution** that created the element

Tab 'Created Elements'

If necessary, you can **delete all elements**.

**Note**: Once all elements have been deleted, the state of the wizard is **Not executed** again.

## Displaying the Properties of the App

The **App properties** are displayed on the tab of the same name:

'Properties' tab

The following **App properties** are displayed:

- **Type** of the element
- Function of the **App**
- **Version** of the element.

**New available version**

As soon as a new version of the app is available that contains changes to the app configuration and/or the calculation logic of the app, the **Refresh** command is displayed, allowing you to update the app to the latest version.

Information about the changes to each version can be found in the **Release Notes**, which can be accessed via the link of the same name.

{% warning-box %}
We {% u %}strongly recommend{% /u %} to update all apps to the new version as soon as possible because it cannot be guaranteed how long an app with an obsolete version can be executed.
{% /warning-box %}