carry forward
The phrase "carry forward" is essential in accounting and finance, particularly for managing balances, losses, and credits across different periods.
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Definition
B2Accounting
(technical)To transfer a balance from one page, column, or accounting period to the next.
Example
- The accountant will carry forward the remaining balance to the next month's ledger.
C1Finance
(technical)To apply a loss or credit from a previous period to reduce taxable income in a subsequent period.
Example
- The company can carry forward its operating losses to offset future profits.
B2General
(common)To continue or maintain an activity, plan, or idea into the future.
Example
- We will carry forward the project to the next phase.
Similar
Terms that have similar or relatively close meanings to "carry forward":
carry overcarry upbring forwardcarry throughmove forwardmoving forwardcarry onpush forwardset forwardmove aheadforward reference