Overview

This unscheduled yearend process closes and carries forward pre-encumbrances and internal and external encumbrances into the new fiscal year. The process also carries forward pre-encumbrances for Contracts & Grants accounts.

The job examines all General Ledger encumbrance entries for the fiscal year being closed. Entries are summarized by chart code, account number, sub-account number, object code, sub-object code, and balance type.

The rules are divided into two categories—business rules associated with closing encumbrances and business rules associated with cost share carry forward.

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Closing Encumbrances