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A fiscal year displayed on the grid is the entire fiscal year (period) for which transactions can be posted. You may have more than one fiscal year opened simultaneously but only one fiscal year can be current. An open fiscal year allows you to post transactions that contain dates within that year. The current year can be an open or closed fiscal year (you do not need to re-open a fiscal year to make it current).
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In order to enter transactions for a particular year, the fiscal year (period) must be created. The period will automatically be at an 'open' status when it's created This will not create the year ONLY. In order to open the new year, click the 
icon and to make the year current, click on the 
icon. If the period has been closed and a transaction needs to be posted in that period, you can re-open the period. NOTE: We recommend re-closing the period after the transaction has been made.
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More Information on Fiscal Year
The import process will create create the current Classic EIS fiscal year on the grid only. Any previous years will not be displayed on the year.
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Inventory does not need to be need to be closed for the fiscal year when the USAS-R fiscal year is closed. The closing of USAS for a fiscal year has no effect on Inventory closing. You should continue adding all entering items for your current Inventory fiscal year. Once all items are entered, you can follow the closing procedure and then proceed with entering inventory items for the next fiscal year.
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