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05 July 2022

Accounting Calendar....Did you Know?

There are two extra Periods built into the Accounting Calendar. Once period 202212 is open, the next period number for FY22 is 202213. This period can be used for fiscal yearend journal entries including auditor’s adjustments. The last period for FY22 is 202214. This period is for Region 1 use only. We use this period to do closing entries. Closing entries zero the expense and revenues, and move the dollars to the fund balances.
Note that for periods 202213 and 202214, the GL is the only application that can be set to Open. And, the GL for these periods has to be open before the first period of FY23 can be open which is period 202301. 



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