Accounting Event Details for Carrying Forward Year-End Obligation Balances

Accounting entries are created for every purchase order that’s closed in a fiscal year and reopened in a new fiscal year. However, for U.S. Federal Financials purchase orders, no accounting is generated when purchase orders are closed during the year-end process and reopened in a new fiscal year.

This topic explains the account rules configured for the Finally Close and Reopen Finally Close events for the Purchasing subledger application to ensure that no accounting is generated when the Carry Forward Purchase Order Budgetary Balances process is run to close and reopen year-end purchase orders.

Finally Close Event

Debit	Credit
One of these accounts based on prior year adjustment: 480100 (Undelivered Orders - Obligations, Unpaid) 487100 (Downward Adjustments of Prior-Year Unpaid Undelivered Orders - Obligations, Recoveries) Or 488100 (Upward Adjustments of Prior-Year Undelivered Orders - Obligations, Unpaid)	Either of these accounts based on prior year adjustment: 461000 (Allotments - Realized Resources) Or 465000 (Allotments - Expired Authority)

Reopen Finally Close Event

Debit	Credit
Either of these accounts based on prior year adjustment: 461000 (Allotments - Realized Resources) Or 465000 (Allotments - Expired Authority)	One of these accounts based on prior year adjustment: 480100 (Undelivered Orders - Obligations, Unpaid) 487100 (Downward Adjustments of Prior-Year Unpaid Undelivered Orders - Obligations, Recoveries) Or 488100 (Upward Adjustments of Prior-Year Undelivered Orders - Obligations, Unpaid)

Account Rules for Finally Close and Reopen Finally Close Events

Event Class Name	Journal Entry Rule Set	Journal Line Rule	Side	Account Rule	Mapping Set
Purchase Orders	U.S. Federal Purchase Orders	Federal Purchase Order Final Close	Credit	USSGL 480100	USSGL 480100
Purchase Orders	U.S. Federal Purchase Orders	Federal Purchase Order Final Close Prior Year	Credit	USSGL 487100 or 488100	USSGL 487100 or 488100 - 487100 USSGL 487100 or 488100 - 488100
Purchase Orders	U.S. Federal Purchase Orders	Federal Purchase Order Final Close Prior Year Offset	Credit	USSGL 487100 or 488100 Offset	USSGL 487100 or 488100 Offset - 487100 USSGL 487100 or 488100 Offset - 488100
Purchase Orders	U.S. Federal Purchase Orders	Federal Purchase Order Reopen Final Close	Credit	USSGL 480100	USSGL 480100
Purchase Orders	U.S. Federal Purchase Orders	Federal Purchase Order Reopen Final Close PYA	Credit	USSGL 487100 or 488100	USSGL 487100 or 488100 - 487100 USSGL 487100 or 488100 - 488100
Purchase Orders	U.S. Federal Purchase Orders	Federal Purchase Order Reopen Final Close PYA Offset	Credit	USSGL 487100 or 488100 Offset	USSGL 487100 or 488100 Offset - 487100 USSGL 487100 or 488100 Offset - 488100