Modify a Fund's Year End Date

Owned by Nancy Cohn (Deactivated)
Last updated: Jul 20, 2023
1 min read

In the Modify Year End Date panel you can change a fund's ledger period year end date. Using this panel allows you to change the value of the Fiscal Year End flag on the Account Periods table as a streamlined process. Alternately, you can change a fund's year end date as a four-step process. 

You cannot retrospectively update the year-end close date if you processed the year-end close for that year. 

To modify the year end date for an entity: 

  1. In Accounting Center, in the left navigation pane, click Transactions > Ledger > Year End Processing > Modify Year End Date.
    You see the Modify Year End Date panel.

  2. In the Portfolio ID or Portfolio Name fields, select the unique identifier or name for the entity.
    The lookup field displays the Portfolio ID and related Portfolio Name for each entry that meet the criteria you entered. When you select a value, the Portfolio Currency field displays the portfolio currency value for the selected entity. 

  3. In the Current Year End Date field, specify the date that the system is currently using as the entity's ledger period year end date.

  4. In the New Year End Date field, specify the new date to use as the entity's ledger period year end date. 

  5. Click Submit. 
    After you modify the year end date, you can use the List Accounting Periods panel to verify that the system updated the year end date for the accounting period for the entity/basis.

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