Question

Why are many of the Total Commitments larger after Fiscal Period Close?

Answer

Line items that were invoiced in the previous ledger but are still eligible for rollover (Line Item Status= Approved or Received Partial AND the Invoice Status= Invoiced, for example) will roll into the new fiscal year's ledger, where this line item price will then be reflected as a Commitment in the new ledger after FPC is run. 

Additional Information

If you do not want those Commitments in the new ledger you will need to de-commit the fund by doing one of the following:

Invoice the line item at $0 (create a dummy invoice for the line item and set the Actual Price to $0).

OR

Use the Edit Approved Line Item feature and set the List Price on the PO line item to $0.

• Article last edited: 17-Jul-2024