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7.1. Year End Procedure

Last Updated 06/13/2023

What is the Year-End Procedure?

The Year-End procedure will:

• Create funds for the upcoming fiscal year
• Roll over encumbrances
• Deactivate your current funds

Year-End Checklist

Before you can run the year-end procedure, you must make sure your current fiscal year is wrapped up. Follow these steps to clear your current year.

1. Activate or delete all pending purchase orders.
2. Mark all items that you have received as "Received".
3. Make sure there are invoices for all items to be paid in the current fiscal year.
4. Close open invoices.
5. Set dates for year-end freeze.