General Ledger Year Create

Menu Path: General Ledger $Images\bluerarw.gif$ Posting and Period Controls $Images\bluerarw.gif$ General Ledger Year Create

Purpose

Assign or open a new general ledger year

Overview

Use General Ledger Year Create to create new general ledger years. At the end of the accounting year, you must manually close the year after opening the new one.

Opening a new General Ledger Year

To open a new general ledger year, enter a new year in the Begin Year field, and click the OK button in the ribbon.

Note Creating a new year does not close the previous current year. You must use General Ledger Year Close to close a year.

Ribbon Home Tab Buttons

Button	Description
Exit	Click this button to close the General Ledger Year Create window.
OK	Click this button to create the new general ledger accounting year.

General Tab Fields and Buttons

Field or Button	Description
Begin Year	Enter the accounting year you are opening. Note Opening a new year does not change the default accounting year.
Ledger ID	Enter a ledger ID for the accounting year you are opening, or click the Lookup button to select a ledger ID. Note This field is only available if at least one consolidation ledger is set up.
Current Year	This field displays the current default accounting year.
Update Periods Start Date	The method your company is using to update period start dates is selected, as follows: Automatic - Updates the period start dates automatically according to the new current year. Manual - Allows you to update the period start dates. You cannot change this option in this window. Automatic is selected if you run 12 accounting periods that begin on the first of each month. Manual is selected if you have 13 accounting periods or non-standard period starting dates.