Run the Create Next Fiscal Year function to activate the next fiscal year.
o You can retrieve, enter and post batches for this year before closing your current fiscal year.
o The Fiscal Calendar for the New Year will be created and is accessible from the Edit menu.
o Budget amounts may optionally be copied from the Current year to the Next fiscal year.
o The Close Current Fiscal Year function is now visible on the Maintenance menu.
o Posting to the Prior fiscal year is not accessible until you close your Current year.