Does it matter when Fiscal Period Close is run?

Question

Does it matter when Fiscal Period Close is run?

Answer

FPC should be run according to institutional needs/requirements.

• Consider start/end date of old/new fiscal period 
• Old ledger only active until end date of old fiscal period 
• New ledger not active until start date of new fiscal period 
• If ledger is not active, its funds cannot be edited or selected on line items

• Article last edited: 26-Dec-2017