Yearend
Moving PBIET Debits and Credits from Old Year to New Year
Steps to move debits and credits to new year: 1) Create modification. 2) Copy exchange details, and then modify amount to zero while specifying fiscal year and period (Example: FY 2023 and Pd 13.) 3) Paste exchange details into new line on that tab, ...
Can funds be used in the current FY to cover an expense in the next FY?
Technically an agency should not be expending funds in the current year for an event in the next fiscal year. Some agencies have tried to put funds in an escrow account or pre-pay the expense and don't realize that just because cash goes out the door ...
Yearend Resources
Question Where do I go for resources regarding year-end? Answer 1.) FINET Help guide to yearend can be found here