Federal Government: Customizing Preclosing 

Use

Before you can run the programs in preclosing, you must enter some configuration settings for them.

Activities

In the Implementation Guide, choose Public Sector Management ® Functions for the US Federal Government ® Closing Operations ® Closing (Former Budgeting). Then carry out the following steps:

·        Define Rules for Closing Commitments

Define the matching criteria for closing obligations before the fiscal year close. Obligations that satisfy the criteria entered here are closed when you run the program.

·        Define Rules for Budget Rollup with Fund/Fund Type

These two steps are alternatives. When carrying out the budget rollup, the system looks for a fund first. If it does not find one, it looks for a fund type.

·        Define Rules for Closing Residual Accounts

Define the rules needed to preclose accounts with residual balances in the federal ledger.

In each case, read the IMG documentation for details of the entries you must make for the relevant steps.