| Note |
|---|
Individual ITCs may supply slightly different instructions depending on the policies and procedures of the ITC. Therefore, these procedures are intended to be general guidelines only. |
Pre-Closing Procedures
The following pre-closing procedures can be completed any time prior to closing the fiscal year.
...
- 6. Under Core>Fiscal Years, click Create to create the new fiscal year period. The existing dollar and life limit thresholds will carry over to the new year. Click the open folder
to open the new year and 
to make it the current period. - 7. If you are going to begin GAAP reporting in the coming fiscal year, please contact your ITC to enable GAAP. Otherwise, if you're already on GAAP in Inventory, you are ready to begin processing for the new fiscal year.
- Core>Configuration Enable GAAP option (Classic's EISGAAP equivalent)
- JIRA issue #INV-332; Estimated release 1.2224.0
- Core>Configuration Enable GAAP option (Classic's EISGAAP equivalent)