GAAP Documentation : Open a New Fiscal Year

GAAP Setup Overview

Enter the fiscal year you wish to add and then click on Add New Fiscal Year.

• NOTE: If the Entity is adding it's first year or reloading the first year data the user will see the following:

Once they browse for the EXPOPEN.TXT they should select the Upload button. A screen similar to the following will display:

Click on the "Done" button on the bottom of the page to return to the setup menu or click setup from the main menu at the top of the page.

NOTE* The following explains adding a new fiscal year for an entity that already has previous fiscal year data on the Web-GAAP system: The system will display the number of funds and reversing entries created. It will also display the number of full accrual, modified accrual, capital assets and debt worksheets opened. It will show how many have been processed and how many were added for the new fiscal year. Sample display. The "Done" button at the bottom of the screen will return you to the Setup menu page.