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GL Fiscal Years

Company Tracker action: implementation-setup-gl-fiscal-years Milestone: General Ledger / Module Setup (milestone_id=3, core_milestone_id=2) Order: 2 Estimated duration: 0.25 hours Typical owner: Controller

Purpose​

Create the fiscal years needed for go-live and beginning-balance conversion without opening the door to posting into far-future years.

Prerequisites​

  • GL Company Parameters considered (especially max open months for live vs test).
  • Known go-live timing and how many prior years of balances/history are in scope.

Vista configuration article​

See the detailed Vista guide:

Setting Up GL Fiscal Years

Field meanings and form steps live there. Do not restate them on this page.

Implementation guidance​

  • Set up the current fiscal year.
  • Set up past fiscal years needed for implementation / converting beginning balances into Vista.
  • Recommend against setting up future fiscal years early. If a future year exists and max open months is high, users can (and have) posted into future years.
  • Add the next year in December when needed. That control, together with a low live max-open-months setting, helps eliminate human error.

Done when​

  • Current fiscal year exists.
  • All past years required for the planned beginning-balance / conversion scope exist.
  • No unnecessary future years opened early (next year added near year-end as needed).