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Opening Fiscal Years for Posting
After you have prepared a fund’s budget for a new fiscal year, you can open the year for posting, or entering transactions. You must do this before you can add, edit, or approve any transactions in the new year for that fund.
You use the Open Fiscal Year for Posting Wizard to open fiscal years for transactions.
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From the Main Menu screen, click CLOSING. The Manage Period Closing screen appears with all funds displayed in a table. Also displayed is the last closed fiscal period (the fiscal period number of the fiscal year) for each of your agency’s funds. |
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Click  on the toolbar and then select "Open Fiscal Year for Posting." The Open Fiscal Year for Posting Wizard is initiated. |
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Select the fiscal year An accounting year, a fiscal year contains twelve periods (months). A fiscal year usually begins on a new calendar quarter (January, April, July or October). you want to open for postTo transfer a transaction from its originating journal to the general ledger account that it affects, thereby finalizing the transaction. You accept a journal batch not a journal entry.ing/entering transactions. |
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Click START to continue. |
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Check the checkbox(es) of the fund(s) for which to open this fiscal year for posting/entering transactions. |
Hint: Click 
to check all checkboxes; click 
to uncheck all checkboxes.
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Click NEXT. Review and confirm the information you set up and then click FINISH to open the fiscal year for posting/entering transactions for the selected funds. |
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