Why would you run Fiscal Period Close?

Question

Why would you run Fiscal Period Close?

Answer

• To create new ledgers and funds for new fiscal periods without the labor of re-keying them in the client.
• To roll over Open Orders from one fiscal period to the next automatically so that they can be invoiced in the new fiscal period.

Additional Information

The end result of running FPC will be that the old ledger from the previous fiscal period remains and a new ledger for the new fiscal period will be created automatically by the FPC program.

• Article last edited: 08-Oct-2013