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Financials > General Ledger Menu > Set Up/Chart of Accounts > General Ledger Settings: Create Carryforward BUA at end of year is not checked MUN-264815 CFWD BUAs at year-end will be created based on a site's carry-forward method. A new GL setting has been added to control creation of carry-forward BUAs as well as reclassification of encumbrances at end of year.The GL setting defaults for all budget carry forward methods except GAAP/Budgetary Combined, which allows the site to choose. |
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Automated reclassification journals will only be made when a sites carryforward method is set to 1 or 3, if 3 the Create carry forward BUA at end of year option is checked when the Close and open year processes are run. If the criteria above wasn't met during the close, reclassification journals would not have been created automatically. In that instance, if reclassification journals are needed, they will need to be keyed manually. |
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Manual Journals will need to be made if the client wants to have journals that Reclassify the encumbrance amounts even though there are no Carryforward Budget Amounts created since the new Create Carry Forward BUA was unchecked when the Year end process was completed. Going forward, if they would like to have the Carryforward BUA which will also ensure that the Reclassify Encumbrance Journals are created, please check off the 'Create Carryforward BUA at end of year' in GL Settings
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| titleBGColor | #03396c | title | Additional Information
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