Complete this pre-selection process to limit the EntitiesCompanies that display on the GL Fiscal Year Close Tab.

1. From the eFinancials menu, select Select—EntityCompany Selections. The Select Entities TabSelect Companies Tab displays.
2. Look at the list of EntitiesCompanies and locate the EntitiesCompanies you want to include in the fiscal year close.
3. Confirm that those EntitiesCompanies are selected and that all other EntitiesCompanies on the tab are not selected—that is, checked for selected EntitiesCompanies and unchecked for EntitiesCompanies that you do not want included in the close.
4. Click Save.

1. Examine the page when it opens.
2. Look at the EntitiesCompanies that display. If you pre-selected EntitiesCompanies, only those EntitiesCompanies display.
   In addition, because the EntityCompany box at the top of the page defaults as checked, all EntitiesCompanies that are eligible for the close are selected for the year-end close. EntitiesCompanies that do not have selection boxes have issues.
3. Look for outstanding issues for each EntityCompany. Issues list on the page beside the EntityCompany name.
4. Resolve any existing issues. For more information, refer to Resolving Fiscal Year Close Issues. When you resolve all of the issues for an EntityCompany, the EntityCompany is selected for the year-end close automatically.
5. Confirm that the selected EntitiesCompanies are the EntitiesCompanies you want to close.
6. Click the Run Year End Close button to start the close. For more information on the results of the close, refer to System-Performed Tasks.

The EntityCompany box at the top of the page defaults as checked so that all EntitiesCompanies that are eligible for the close are selected for the year-end close in the body of the page. If the correct EntitiesCompanies are not selected, complete the following steps to re-select EntitiesCompanies.

1. At EntityCompany at the top of the page, click the box to remove the check mark. All of the check marks from the EntitiesCompanies that are eligible for the close are removed.
2. In the body of the page, look for boxes on the left of the names of EntitiesCompanies that are eligible for the close.
3. Click the box beside an EntityCompany name to add a check mark and include that EntityCompany in the year-end close.
4. When you are satisfied with the EntityCompany selection, click the Run Year End Close button to start the close. For more information on the results of the close, refer to System-Performed Tasks.

After closing a fiscal year, you may find the need to make an adjustment—most likely in the last period of the prior year. Making an adjustment involves reopening the adjustment period, changing the current period for the EntityCompany, making the adjustment, and then re-closing. Complete the steps below to make an adjustment.

Reopen the Adjustment Period

1. Make the following selections from the menu: eFinancials—Select—Active Periods—Active GL Periods. The Active GL Periods Tab displays.
2. At Selected EntityCompany, select an EntityCompany from the drop-down list. The fiscal years for the selected EntityCompany display in the grid below.
3. Use the Find Button to locate the year in which you are interested, and then select it.
4. Click the fiscal year. The general ledger periods for that fiscal year display.
5. Locate the period you want to reopen.
6. In the Active column for that period, click the check box next to the period to add a check mark. A check mark indicates that a period is open.
7. At Closed, delete the date for the period close.
8. At Closed By, delete the user ID for the period close.
9. Click Save. The system reopens the period.

Change the Current Period for the EntityCompany

1. Make the following selections from the menu: eFinancials—Setup—GL Setup—EntitiesCompanies. The Setup Entities TabGeneral Tab Companies displays.
2. Use the Find Button to locate the EntityCompany you want to edit, and then select it.
3. Select the General TabGeneral Tab, and then locate the field Current Period.
4. Change the current period to the adjustment period.
5. Click Save. The system reopens the period.

Make the Adjustment and Re-Close

1. Enter an adjustment journal entry.
2. Approve the batch if your setup requires batch approval.
3. Close the period again.
4. Close the fiscal year again.