carry forward

verb

1. accounting to transfer (a balance) to the next page, column, etc

2. Also called (in Britain and certain other countries): carry over. tax accounting to apply (a legally permitted credit, esp an operating loss) to the taxable income of following years to ease the overall tax burden

noun

1. Also called: carry-over. tax accounting an amount carried forward

Idioms and Phrases

Also, carry over . Transfer a bookkeeping entry to the next column, page, another account, or the next accounting period, as in Let's carry forward this loss to the next quarter for a saving in taxes , or She made an error in carrying over this column . The first term dates from the first half of the 1800s; the variant dates from the mid-1700s.

Make progress in, advance, as in His successor hoped to carry forward his work . Also see carry on .

Related Words

• carry over