Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas INTRO Finance Year End Processing 2.0 Education Solutions Development,

Slides:



Advertisements
Similar presentations
FMS YEAR END PROCESSING Kim Harvey WV State Department of Education
Advertisements

FMS YEAR END PROCESSING Kim Harvey WV State Department of Education
General Ledger Fiscal Year End Closing out WELCOME! To the Year End Workshop. During this workshop and presentation, references will be made to.
NextGen Budgeting Presented by: Julie Carroll Local Government Corporation Resource 2014.
CIMS FMS. CIMS Navigation Tips Function keys Working with spool files/ jobs CIMS navigation.
Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas INTRO Travel Request Processing 2.0 Education Solutions Development, Inc.
1 PeopleSoft Financials v9.0 Upgrade. 2 General Ledger.
ANUA 2011, Ft. Lauderdale INTRO General Ledger ANUA 2011, Ft. Lauderdale education solutions development inc.
Flexgen General Ledger for Beginners. Class Purpose Intended for the person who has little experience using LGC’s Flexgen Accounting software To demonstrate.
TxEIS Budget Processing for
PURGING FINANCIAL DATA Session 1E 2014 KASBO Spring Conference Sheila Miller, Munis Business Analyst Office of KIDS KY Department of Education.
For Details Visit: Call Us: US: , India:
FMIS R*STARS Closing Fiscal Year 2015 Part II GAD Form X-18  Submitted by each financial agency (may be at batch agency level)  Provides contact information.
Nextgen Bank Reconciliation Resource Bank Reconciliation Menu Financial Management Bank Reconciliation –Import Bank Statements –Reconcile Bank Accounts.
Year End Closeout FY2007 Accounts Payable Date 06/21/07.
BANNER FINANCE OVERVIEW Reconciling to Banner. Access to Banner Finance Access to Banner Finance is needed to: View a department’s financial activity.
Year End Processing Financial Management 1Freedom Systems - Year End Processing Webinar WELCOME TO THE YEAR END PROCESSING WEBINAR WE WILL BE WITH YOU.
Accounts Payable Accrual Process For FY06. Accounts Payable Accrual System Specialized Subsystem Establishes Estimated Payables Clears Current Liability.
FAS New Features Martha Pluemer 2012 User Conference.
Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas INTRO Budget Development 2.0 Education Solutions Development, Inc.
NextGen Trustee Department Disbursements This class will cover the various methods of handling department disbursements. Whether entering them manually.
2009 Year End Close Webinar by: Kris Sundberg Please questions to Presentation will be posted on our blog at
Month End Reconciliation in StarBuilder Session Presented by Adam Hutchins.
Presented by Education Solutions Development, Inc. ANUA 2012, New Orleans, Louisiana INTRO / Fixed Assets and Warehouse 2.0 Education Solutions Development,
Budget. Financial plan of all expenditures and revenues Revenue Sources: State Appropriations Tuition and Fees Local Taxes Carryover Allocations and Other.
Zortec Fiscal Year End 1. 2 In this session we will cover Zortec General Ledger 2015 Fiscal Year End steps. You will receive information on what is required.
Financial Accountability through the ease of Self-Service and Internet Native Banner.
Finance Manager Accounting Training © Copyright - FINANCE MANAGER SOFTWARE -*- East Setauket, NY
NextGen Month End & Fiscal Year End Local Government Corporation.
Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas INTRO Accounts Payable 2.0 Education Solutions Development, Inc.
MyFloridaMarketPlace MyFloridaMarketPlace User Meeting April 13, 2004.
Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas INTRO Fixed Assets & Warehouse 2.0 Education Solutions Development, Inc.
PARADIGM Business Solutions, LLC Financials Year End Processing Presented by PARADIGM Business Solutions, LLC Matt Pieper
Fiscal Year-End Closing Local Government Corporation.
RealProperty PLUS Purchase Order Processing © 2009 Domin-8 Enterprise Solutions LLC. All rights reserved.
Understanding Multicurrency Presented By: Ian Richardson BA CPA CGA.
Year-End 2014 Special Session Last Updated: May 12, 2014.
1 Title Presented by. 2 Project Costing Q – When can I add new Projects? A - You can add new Projects and Activities at any time. Project dates are based.
Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas INTRO W2s and Employee Portal Education Solutions Development, Inc.
 Account names need to be entered ONLY if there is NOT a special column. ◦ Mini-Case  One line is sufficient for most transactions.  Exception - purchasing.
ANUA 2011, Ft. Lauderdale INTRO Finance 2.0 Highlights ANUA 2011, Ft. Lauderdale education solutions development inc.
Year-End 2012 Last Updated: May 11, Year End This session will: –Provide important information designed to educate departments on year end processes.
CHAPTER 7. CHAPTER 7 OVERVIEW  Accounting Cycle  Financial Statement Reports  Tax Reports  Management Reports  Export Reports to Excel COMPUTER ACCOUNTING.
ANUA 2011, Ft. Lauderdale INTRO Warehouse 1.0 ANUA 2011, Ft. Lauderdale education solutions development inc.
Oracle General Ledger Release 11i
Amy Walsh Senior Consultant November 11, 2014 Year End Close.
Chart of Accounts Bill Overman, Indiana University.
Nextgen Bank Reconciliation Resource Bank Reconciliation Menu Financial Management Bank Reconciliation –Import Bank Statements –Reconcile Bank Accounts.
NextGen – Fiscal Year End Resource 2016 Local Government Corporation.
Banner Finance Training Interactive Reporting Training.
BANNER FINANCE OVERVIEW Reconciling to Banner. Access to Banner Finance Access to Banner Finance is needed to: View a department’s financial activity.
Banner Year End Processing East Carolina University.
1 Banner Finance User Training Beginners Guide to SSB Budget Queries Banner Finance User Training.
 Tata Consultancy Services 1 Financial Information.
FLEXGEN FISCAL YEAR-END CLOSING Local Government Corporation Resource 2016.
Zortec General Ledger Fiscal Year End 1. 2 In this session we will cover Zortec General Ledger 2016 Fiscal Year End steps. We will review information.
Online | classroom| Corporate Training | certifications | placements| support Contact US: Magnific training India USA :
Budget.
18th Annual “How To”… Session
FMIS R*STARS Closing Fiscal Year 2016 Part II.
Dynamics NAV 2013 Quick Guide 5-4 Fixed Assets
Comp Tax Presenter : Kara Moore.
BUDGET Process Change Description Type of Change Process
FMIS R*STARS Closing Fiscal Year 2017 Part II.
Accounts Payable Purchase Order Balancing
Zortec General Ledger Fiscal Year End
Year End Preparation July 2018.
Zortec Accounts Payable Beginner Basics.
Local Government Corporation
Addressing Common PO Changes
Presentation transcript:

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas INTRO Finance Year End Processing 2.0 Education Solutions Development, Inc.

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Preparing for New Fiscal Year Finance New Fiscal Year Setup - Accounts Roll Forward To New Year Mark Accounts Not Required to be rolled forward to the next year Finance Build New Year Accounts Adding Accounts in New Fiscal Year Year End Balance Rollover Balance Sheet Accounts Student Activity (Internal) Accounts Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Finance New Fiscal Year Setup - Batch Process Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Finance New Fiscal Year Setup - Batch Process Should be run from the current Fiscal Year Overwrite Option First Time Overwrite Recreate – This will delete the existing data and recreate it from the current year. Should not be used if you have added/changed data in the new year Next Document Numbers The process will setup new values for next document number in the new year. Review the next document number on the parameter screen for the various transactions like Requisition No, PO No, Journal Entry NO etc and make changes as required for the next fiscal year as per your district policy. Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Mark Accounts Not Required to be Rolled to the next year This can be done for an individual account on the Account Maintenance screen Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Mark Accounts Not Required to be Rolled to the next year Multi Accounts using batch process – Change Account Select Accounts by element range Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Finance Build New Year Accounts – Batch Process Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Finance Build New Year Accounts - Batch Process Should be run from the current Fiscal Year This process will roll over accounts from the current year to the next year After this process is run, if user adds an account in the current year, it will be automatically added to the next year This process can be rerun, but if accounts have been added in the next year, this process should be rerun with ‘Rewrite’ option If Requisition/PO Entry needs to be open for the next year without Budget Override each time, select the appropriate value for Requested Budget from DDL If the process needs to be rerun to create accounts, select recreate options for Budget and Responsibility Groups (if used) also. Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Adding Accounts in New Fiscal Year Should be run from the New Fiscal Year After ‘Finance Build New Year Accounts’ process has been run, you can add accounts in the new Fiscal Year using one of the following methods Individual Accounts using Online Account Maintenance screen From an Excel Sheet using ‘Mass Creation of Accounts’ – batch process Based on the existing accounts in the current or new year using ‘Mass Creation of Accounts’ – batch process After accounts have been added in the new year using above method, if required ‘Finance Build New Year Accounts’ process should be run only using ‘Overwrite’ option Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Adding Accounts in New Fiscal Year Mass Creation of Accounts – batch process Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Year End Balance Rollover Should be run from the Current Fiscal Year The process can run for all funds/selected funds The process can be run multiple times, the last time after the Year End Close process Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Budget Development A separate session on Wednesday Morning Budget Rollover to GL – batch process This process should be run in the new fiscal year Always select Requested Budget radio button The process can be run multiple time during budget preparation cycle Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Closing Out the Old Fiscal Year Lock Out Requisition Entry Warehouse Catalog Ledger Rollover Roll Forward Remaining Balance Roll Forward Invoices Roll Forward Purchase Orders Enter Yearend Adjustment Entries General Ledger Year End Close Year End Balance Rollover Lock out the old Fiscal Year Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Lock Out Requisition Entry To be done in the old fiscal year on the parameter screen Purchase Requisitions Warehouse Requisitions Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Warehouse Catalog Ledger Rollover – Batch Process Should be run from the Current (old) Fiscal Year Warehouse Ledger is fiscal year oriented Warehouse Transactions are year oriented This process Creates the new year ledger YTD Activity accumulator retained in the old year ledger Beginning balance in the next year is the old year end balances After Rollover, if the transactions are entered in the old fiscal year, the beginning balance is updated in the new fiscal year Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Roll Forward Remaining Budget – Batch Process This process will roll forward the remaining budget for the selected accounts to the next year as budget revision in the beginning period. Should be run from the Current (old) Fiscal Year Filter Accounts by element ranges A Offset Budget Revision will be created in the old year in the fiscal period =99 (closing period) to prevent the same budget getting rolled forward multiple times Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Roll Forward Invoices Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Roll Forward Invoices Should be run from the Current (old) Fiscal Year Recognize Expenses in the old year and defer Cash Disbursement to the next year A special Task can be created for the year end invoices to be roll forward in the old year. This will allow use to assign a separate year end invoice accounts payable (offset) account A special Task can be created for the previous year invoices (roll forwarded from the previous year). This will allow use to assign a separate accounts payable (offset) account for invoices from the previous year. Year End Invoices to be rolled forwarded to the next year should be entered before running the Purchase Order Roll Forward Process A Dummy Financial Institution Account is required to mark the year end invoices as processed in the old year. This process can be run multiple times Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Purchase Order Roll Forward Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Purchase Order Roll Forward Should be run from the Current (old) Fiscal Year Select Purchase Orders by Type, Account Elements or number range Option to roll forward open POs with Zero outstanding encumbrances Option to create budget revisions in the next year to cover the roll forward encumbrances (Not to be used for Student Activity Funds). Option to close encumbrances in the old year This process can be run multiple times if Option is close encumbrances is used Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Create Yearend Adjustment Entries Should be done in the old Fiscal Year The yearend adjustments are entered on the Journal Entry screen by checking the ‘Year End Adj. Entry’ box Update the Adjustment Period=98 on the general ledger Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas General Ledger Year End Close Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas General Ledger Year End Close Should be done in the old Fiscal Year The process creates the closing entries in Fiscal Period=99 The process requires the closing accounts for Revenue, Expenditures at the fund level The process can be run for the selected funds to allow user to have different masks for the closing accounts for set a funds Ex: For General Funds, the closing entries are created at the fund level where as for Special Revenue funds, the closing entries can be at Fund and Source of Fund level The process can be run multiple times for a fund The Year End Balance Rollover process must be run after this process to bring forward the fund balance to the next year Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Lock out the Old Fiscal Year Lock the old fiscal year on the parameter screen Individual users can be assigned special security to be able to enter data on a specific screen in the previous year (after fiscal year lock) Finance Year End Processing

Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas Open New Fiscal Year On the parameter screen Unlock the new fiscal year Set new fiscal year as Logon Default Year Finance Year End Processing