My Oracle Support Banner

WS: 09: FAQ: General Ledger (Annual) Close Year (P098201) (Doc ID 943205.1)

Last updated on NOVEMBER 22, 2019

Applies to:

JD Edwards World General Ledger - Version A7.3 cume 4 to A9.3 [Release A7.3 to A9.3]
Information in this document applies to any platform.

Purpose

This document provides frequently asked questions regarding the Close Year program (P098201); also, known as General Accounting Annual Close.

Questions and Answers

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Purpose
Questions and Answers
 Question 1: Can you submit the Close Year program (P098201) multiple times for the same company and year?
 Question 2: Are there any prerequisites before running the Close Year program (P098201)?
 Question 3: Which Automatic Accounting Instructions (AAIs) are required for running the Close Year program?
 Question 4: What is the recommended data selection and data sequencing for the Close Year program (P098201)?
 Question 5: Can the Close Year program (P098201) be setup on the recursive version list?
 Question 6: Is it necessary to have the fiscal year on the Company Numbers and Names (P00105) set to the year you are closing when you run the Close Year program (P098201)?
 Question 7: Does the system update retained earnings when accounts or business units are set with a posting edit code of inactivate?
 Question 8: Why is the Bal FWD field (GBAPYC) populated for income and expense accounts in the Account Balance file (F0902)?
 Question 9: Will the Close Year program (P098201) update the Bal FWD (APYC) and PYE Net Posting (APYN) fields after running the Repost Account Ledger (P099105)?
 Question 10: What options are available to prevent users from posting transaction to closed (prior) years?
 Question 11:  Must the Close Year (P098201) be done before running Fixed Assets Close(P12825)?
 Question 12:  How can you set multiple companies back to the prior year when the fiscal year is accidentally advanced to the next fiscal year?
 Question 13:  I made adjustment entries for the prior year.  Can I run the Annual Close by the individual adjustment accounts?
 Question 14:  Is it possible to "un-run" the Annual Close Program to roll back to effects of the run?
References

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.