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    Open Fiscal Period

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    • Article Type: Q&A
    • Product: Alma

    Question

    What does the open fiscal period refer to?

    Answer

    The open fiscal period is the current fiscal period. It is the period for which encumbrances and expenditures can be made.

    It is possible to have active funds and ledgers that are not in open fiscal periods. This means that while allocations and adjustments to rules can be made, the funds cannot be used.

    Category: Acquisitions - Alma

    Subject: Funds

    • Article last edited: 7/9/2014