Understanding Year-End Processes

The JD Edwards EnterpriseOne Fixed Assets system includes annual processing programs that you can run at the end of the fiscal year. Use these programs to create new records for a new fiscal year.

If the company uses depreciation method 09 to depreciate assets by units of production, you must run the Units of Production Close after you close the annual account balances. Do not run this close program unless you use method 09 to calculate depreciation.

Run year-end processing programs after you run the final depreciation for the year. You must run the annual close for current year account balances before you can run depreciation calculations for the next fiscal year.