Excellent, thanks very much for your reply.

We have not yet created the next fiscal year in GL as I was waiting for today's webinar to ensure I did it correctly. I forgot that you can create the next fiscal year without having to actually close the current year.

Based on the above, it would make sense for us to close 09/10 once all of our subledger processing has been complete (likely mid-April barring late invoices), and then to process any year end adjustments (arising from audit process) through GL as prior year adjustments. But we can run the year end function in AR, AP and BR anytime on or after Mar 31 even if we still have to process subledger transactions related to 09/10 as it is at the GL level that the transactions will be batched and allocated to the correct fiscal year - correct? As we don't currently use the stats in the subledgers, there isn't any real requirement for us to run year end in subledgers right on March 31, but would that be ideal? We already have transactions to enter to next fiscal period but could hold off on those for another week and just run year end on all subledgers on the 31st. As long as we have created the next fiscal year in ledger, the subledgers don't really care if the year end process has been run in the subledgers, is that right? It just means that the batch numbers and stats won't be reset, correct?

Thanks very much!
Tanja
Tanja