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The Accounting Period document is used to define the accounting year, its subdivisions and their attributes to be used throughout the Kuali Financial System. Accounting periods usually correspond to calendar months but may include special processing periods, such as a period 'thirteen' for processing year-end closing transactions. Accounting periods are the periods to which financial transactions of any type are posted.

The Accounting Period document includes the Edit Accounting Period tab. The system automatically enters data into both the Old and New sections. Selected data fields are available for editing.

Edit Accounting Period tab definition



University Fiscal Year

The university fiscal year for the accounting period

University Fiscal Period Code

The university fiscal period within the designated university fiscal year

University Fiscal Period Name

Required. The familiar title for the designated university fiscal period code

Active Indicator

Indicates whether this accounting period is active or inactive. Remove the check mark to deactivate a code.

Budget Rollover

Indicates whether the sufficient funds process is in use that allows the promised budgetary funds to be carried over for the current fiscal year. Remove the check mark if the funds should not be carried over.

University Fiscal Period End Date

Required. The last day of the university fiscal period. This date may be retrieved from the calendar

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