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If migrating from Classic, Classic's current fiscal year and capitalization criteria will be imported and will appear on the grid. For example, if my 'last year closed' in Classic EIS is 2020 (which means I'm currently in FY2021), upon import to Redesign, the current and open year displayed on the grid will be 2021. It will also import the dollar and life limit from Classic's EISMNT>DATSCN and display them on the grid.
Creating a Fiscal Year/Open Period
In order to enter transactions for a particular year, the fiscal year (period) must be 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.
Closing a Fiscal Year
It is not necessary to close a fiscal year before opening the next period. However, if you prefer to close a period after you have completed processing and balanced for the year, you can do so. A pop-up window will be displayed confirming that you want to close the fiscal year. Click 'Yes' to continue to close. When closing the year, it will automatically generate an Inventory Fiscal Year End Report Bundle (INV-159 scheduled for production version).
Making a Fiscal Year Current
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