Understanding the Fiscal Year Close for Budget Ledger Types

When you close a fiscal year, you can roll the original budget amounts in the F0902 table to the next year for budget ledger types, such as:

• BA (budget amounts)

• JA and JU (job cost budget amounts and units)

• PA and PU (job cost commitment amounts and units)

You control how to process the original budget amount on the Ledger Type Rules Setup form and with a processing option for the Annual Close program. When you run the Annual Close program, the system determines if records exist in the F0902 table for the new year and then does one of the these:

• If a record already exists, the system updates the original budget amount if a processing option is set accordingly.

• If a record does not exist, the system uses the ledger type rules to determine whether to roll forward the original budget amount.