How to perform Project Year End Close for YEARLY projects

How to perform Project Year End Close for YEARLY projects

• Project Year End Close

Project Available Budget is set to Yearly and is not tied to the General Ledger close year process

1. Browse Financials > General Ledger Menu > Project Accounting > Project Ledger > Project Processes > Project Year End Close

2. Yes to close warning error message, make sure to read the warning

3. Define

4. Enter needed project range & project year to close

   • Project fiscal range should auto update if using a range of a single project

   • Project fiscal range would need to be defined if selecting a range of projects

     • A range of projects could have multiple project fiscal ranges depending on site configurations, and this process might need to be run multiple times to complete a full project ledger close

5. Accept

6. Select 

   • If there are any issues an error pop up will display and an error report will be created for review

     • Save output for review

   • If there are no errors it will complete select and indicate how many projects are in the defined record set

7. Post

8. OK for pop up indicating report will be output

9. Choose output type (Munis printer, Save, PDF or Display)

10. OK

This will only impact the Project Ledger not the General Ledger, GL has its own close process

When should I process the Project Year End Close