A new option has been added to the Fiscal Year Close screen after our EOY Processes for June Fiscal Year-Ends Training that was held on June 16th. The new option is Continue Fund - Create Zero Bal Accts and it is used when you want to continue a year’s fund but do not want to bring forward the prior year’s ending balance. If this option is selected, the specified fund is copied into File ID C (the new fiscal year 2026-27) and recreates the existing accounts for object codes 1XXX-4XXX with 0.00 account balances and maintains the same fiscal year.
If you choose the Continue or Continue & Increment option, you will notice the Carry Forward Balances option can be selected or unselected. Please note that at this time, if you select either the Continue or Continue & Increment option, the balances will be carried forward whether the Carry Forward Balances checkbox is selected or not. TCC is aware of this issue and is working to correct it in an upcoming release.
If you want to keep (continue) accounts with the same fiscal year without carrying forward balances, you need to select the new option.
If you have any questions regarding this change as you’re working through this step, please submit an ESC-16 ASCENDER ticket.