A Fiscal Year can be re-opened after a Hard Year End Close has been completed. When re-opening a year, all years from the year being re-opened to the current year have to be re-opened. It is recommended to run a Trial Balance for each year before the year(s) are re-opened.
To Re-open a fiscal year(s), follow theses steps:
- Log into KVS Enterprise
- Choose General Ledger > Setup > General Ledger Profile > Fiscal Tab
- Click the "OPEN" button next to the fiscal year you want to open.
- Click Save.
- Repeat step until all years up to current are open