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Opening an Encumbrance Year

When you open the first period ever for your set of books, General Ledger automatically opens your first encumbrance year as well. When you open additional encumbrance years, General Ledger automatically rolls your project-to-date encumbrance balances forward through the last period of the latest open encumbrance year.

You do not need to open encumbrance years if you are not using encumbrance accounting.

   To open an encumbrance year:

See Also

Overview of Encumbrance Accounting

Entering Encumbrances

Opening and Closing Accounting Periods

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