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Preparing New Fiscal Years
Before you open a new fiscal year for budgeting or for entering transactions, you will prepare the program records General Ledger needs to support the new year.
You use the Prepare Fiscal Year Wizard to create these records.
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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 "Prepare New Fiscal Year." The Prepare Fiscal Year Wizard is initiated. |
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Select the new 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 prepare. |
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Click START to continue. |
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Check the checkbox(es) of the fund(s) for which to prepare this fiscal year. |
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 prepare the fiscal year for the selected funds. |
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