WS: 09: FAQ: General Ledger (Annual) Close Year (P098201)
(Doc ID 943205.1)
Last updated on JULY 19, 2023
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
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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: Does the Annual Close need to be run again after entering prior year adjusting entries? |
| Question 14: Is it possible to "un-run" the Annual Close Program to roll back to effects of the run? |
| Question 15: What data item(s) in which file(s) can be used to differentiate between open/closed periods/fiscal years? |
| Question 16: Is there a way to include the amounts that make up the Retained Earnings Amount? |
| References |