RDA Systems Inc

What This Process Does

• This process inactivates account year masters for a fiscal year.

Best Practices

• The fiscal year should be inactivated when no more normal entries are to be made for the fiscal year being closed.
• The fiscal year can be temporarily re-opened at a later date. Using the Reactivate Year process for POST-YEAR and auditor's adjusting entries.

Inactivate/Close Fiscal Year

1. Finance → Financial Management → Maintenance → Financial Years / Current Month → Year End → Inactivate/Close Year
2. Populate the fiscal year that you wish to inactivate/close.
3. Click Write to Database.
4. A report does not generate, the fiscal year is automatically inactivated/closed.