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