These instructions provide information for adding a new fiscal year and opening it in the KVS Enterprise Financial product.

Documents & Training Material

1. Go to General Ledger > Setup tab > General Ledger Profile > Fiscal Tab
2. From the menu bar, select Record > Insert to get a blank line at the bottom of the year list.

3. Type in new fiscal year, enter or tab and you will receive message “Do you want to copy the Fiscal periods from previous year”, clickYes.

4. Open period(s) for new fiscal year, use either A or B below:
   1. To open all periods for the new fiscal year (most common) click the button to the right of the fiscal year and you will receive message “Are you sure you want to open all periods for this year”, click Yes, then click Save button.   

• When save is complete a message will display in the lower left corner “Transaction complete; 1 record applied; all records saved. “

2. To open only one period, instead of clicking the open button, go to the Open Tab (at the top to the right of the fiscal tab). On the open tab, enter the one year/period to the list of open periods on the right.  If there is no blank line, from the menu bar select Record > Insert to display a blank line at the bottom of the list.

5. Go to the Open tab (not the open button)
   • If you used step 4A to open all periods, then periods 1-12 should be listed for the new fiscal year; otherwise, if you used step 4B to open a single period then only the single period for the new fiscal year will be listed.  Any periods listed on this tab are available for posting.