Description of Issue
Closing CAFR Fiscal Year & Opening New CAFR Fiscal Year
Context
- CAFR
- Fiscal Year Close/Open
Cause
- Site has completed all work in CAFR for the Fiscal Year and ready for the next
- Site purged all CAFR information from current year and set year back to prior year
- Site purged wrong CAFR prior year and restore from backup is not an option
Resolution
- Log into CAFR as a CAFR admin level user
- Select CAFR Statement Builder
- Select Year End Closing
- Choose a Balance Sheet Preference by selecting the needed radio/option button for either:
- Set Balance Sheet Beginning Balance to Zero
- Move Balance Sheet Ending Balance to Beginning Balance
- Select Close Year
- Select YES on the Perform year end closing for XXXX
- The process takes several minutes to complete. Do not cancel or interrupt the process once started.
- Select OK to continue. Year is now closed in CAFR and Year advanced to the new Year.
Additional Information
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