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Creating Next Fiscal Year Purchase Orders

Creating Next Fiscal Year Purchase Orders

Apr 08, 2022

In order to create a future purchase order for the next fiscal year you would need to follow the below steps. 

  1. Go to Core/Posting Periods and click on Create to create the July Posting Period. 

  2. Once July is open you are able to create a PO with a July 1 date. 

    Please follow steps 3-5 if you want close the future posting periods. 

  3. Go to Report/Report Bundles to disable your monthly and fiscal report bundles, and any other report bundles that are triggered by closing posting periods if you do not want them to generate at this time. 

  4. Go to Core/Posting Periods and click on the icon to close the posting period beside each month that needs closed, closing June last.  You can leave July open if you want to continue to enter future POs.

     

  5. Reopen the posting period you are currently processing in.        

Your future encumbrances can be viewed in your Expenditure Account Grid.