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    Is Rollover required to run on the day the ledger expires?

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    • Product: Alma

    Question

    Is Rollover required to run on the day the ledger expires? For example, fiscal period ends on 30 June must Rollover be run on 30 June?

    Answer

    No, the Rollover is not required to run on the day it expires. The ledger can have fiscal period encumbrance and expenditure grace periods.

    Additional Information

    See "How to extend Fiscal Period for a ledger in Alma?" for more information on grace period for ledger and funds.
     

    • Article last edited: 29-May-2014