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general:financeeoyprocess:closefiscalyear

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general:financeeoyprocess:closefiscalyear [2022/06/15 21:33] – emorenogeneral:financeeoyprocess:closefiscalyear [2025/05/29 19:53] (current) – emoreno
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 <WRAP center round alert> <WRAP center round alert>
 If an LEA is switching to a July 1 fiscal year, they **must** change the **Starting Accounting Period** from 09 to 07 on the [[finance:tables:districtfinanceoptions:financeoptions If an LEA is switching to a July 1 fiscal year, they **must** change the **Starting Accounting Period** from 09 to 07 on the [[finance:tables:districtfinanceoptions:financeoptions
-|Finance > Tables > District Finance Options > Finance Options]] tab **BEFORE** closing the year. This allows their data to be updated with the correct month after closing.+|Finance > Tables > District Finance Options > Finance Options]] tab **BEFORE** closing the year. This allows their data to be updated with the correct month after performing the closing process.
 </WRAP> </WRAP>
  
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   * Click **Continue**. The first report selected is displayed. Click **Continue** to display the next selected report. When you are done viewing all of the selected reports, you are returned to the Processing Reports page.    * Click **Continue**. The first report selected is displayed. Click **Continue** to display the next selected report. When you are done viewing all of the selected reports, you are returned to the Processing Reports page. 
-  * Click **Return** at any time to the return to the Processing Reports page. +  * Click **Return** at any time to return to the Processing Reports page. 
  
 {{:general:fin_eoy_step_11_fiscal_year_close_process_reports.png|Fiscal Year Close Process Reports}} {{:general:fin_eoy_step_11_fiscal_year_close_process_reports.png|Fiscal Year Close Process Reports}}
  
-VCV Click **Process** to process the fiscal year close. You are prompted to create an [[general:backup|export]]. A series of end-of-year Finance tasks will begin to run in the background. After the process is completed, you are returned to the Fiscal Year Close page. +VCV Click **Process** to process the fiscal year close. You are prompted to create an [[general:backup|export]].  
 + 
 +{{:general:financeeoyprocess:fin_eoy_step_14_export_message.png|Export Message Box}} 
 + 
 +A series of end-of-year Finance tasks will begin to run in the background. After the process is completed, you are returned to the Fiscal Year Close page. 
  
 After processing, the **Current (Open) Accounting Period** on the [[finance:tables:districtfinanceoptions:accountingperiods|Finance > Tables > District Finance Options > Accounting Period]] tab is updated to match the **Starting Accounting Period** on the [[finance:tables:districtfinanceoptions:financeoptions|Finance > Tables > District Finance Options > Finance Options]] tab (i.e., the accounting periods will be set to 07 or 09 depending on the LEA). In order to update the **File ID** and **Account Period** in the top-right corner of the page, you must exit and re-enter the Finance application. After processing, the **Current (Open) Accounting Period** on the [[finance:tables:districtfinanceoptions:accountingperiods|Finance > Tables > District Finance Options > Accounting Period]] tab is updated to match the **Starting Accounting Period** on the [[finance:tables:districtfinanceoptions:financeoptions|Finance > Tables > District Finance Options > Finance Options]] tab (i.e., the accounting periods will be set to 07 or 09 depending on the LEA). In order to update the **File ID** and **Account Period** in the top-right corner of the page, you must exit and re-enter the Finance application.
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   * Click **Continue** to continue through the list of reports for the selected extract. Click **Return** to return to the Fiscal Year Close page.   * Click **Continue** to continue through the list of reports for the selected extract. Click **Return** to return to the Fiscal Year Close page.
 +  * Verify that the Finance Fiscal Year end process was completed. 
   * Click **Close** to close the Fiscal Year Close Processing pop-up window and return to the Fiscal Year Close page.   * Click **Close** to close the Fiscal Year Close Processing pop-up window and return to the Fiscal Year Close page.
  
general/financeeoyprocess/closefiscalyear.1655328803.txt.gz · Last modified: 2022/06/15 16:33 (external edit)

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