Note: Below are the steps to start the fiscal year for a fund. If you had been prompted to start the fiscal year while completing a different process and you clicked Yes, start with Step 3 below.
From the General Ledger screen, select the Maintenance menu, Reference Files, and then Funds.
At the Funds screen, select the Options menu and then Start New Fiscal Year.
The Start New Fiscal Year screen will display listing all active funds.
Select the funds for which to start the new fiscal year by clicking the box for the Selected column to the left of each desired fund. A checkmark will appear in the box if the fund is selected. To select all the funds listed on the screen, click the Select All button located above the list. By default, only the funds with a new fiscal year beginning date that is greater from the current date by 12 months or less, and not more than 6 months old, will be selected.
The new fiscal year beginning and ending dates will appear for each fund in the New Fiscal Year Begin and New Fiscal Year End columns. For each fund that will be started for the new fiscal year, verify the fiscal year beginning and ending dates are correct. If a change needs to be made to the ending date, click the cursor in the New Fiscal Year End field for that fund and then key the correct date over the existing date.
Note: The ending date must be the last day of a month.
Click the Execute button.
A message will appear when the process is completed; click OK.