Hello,

I attended the webinar today on year end processing. It was very helpful, but I have a few additional questions.

We use the Bank Rec subledger module, is there anything different we have to be aware of when running the year end function in Bank Rec or the timing of when we do that? Or can we effectively run BR year end anytime after we have created the next fiscal year in GL?

Also, our year end close process typically takes about 2 months to complete (our year end is March 31/10). During the webinar today it was recommended that the current year be closed as soon as possible in GL in order to minimize risk of batches being retrieved and posted into wrong years, etc. The Post to Prior function would then be used to post any batches related to 09/10 fiscal year.

I understand that once we've created the Next Fiscal Year in GL, we can then enter transactions through AP and AR with current year and next year dates and GL will put them into the appropriate batch buckets for either this year (09/10) or next year (10/11). However, once we close the current year, the Next Year Batches button is no longer available therefore all batches become "current" batches. At that point, would we still have the ability to enter AP and AR transactions for dates prior to March 31 and post them through GL using Post to Prior Period(09/10) without anything getting messed up? Or are we better off leaving the current (09/10) fiscal year open in GL until all of our subledger processing has been complete such that the only remaining transactions to be posted in GL would be year end adjusting entries which could then be entered after we closed the year by using the Post to Prior function. I hope this makes some sense.

Thanks kindly,
Tanja