Use > Run > Financial Management > Fiscal Years > Fiscal year workflow
Click to learn about the Initial phase. Click to learn about the Active phase. Click to learn about the Inactive (End) phase. Click to learn about the Initial phrase. Click to learn about the Active phrase. Click to learn about the Inactive (End) phrase. Click to learn more about the Active phases Click to learn more about the Inactive phases Click to learn more about the Draft phases Click to learn more about the Active phases Click to learn more about the Ended phases

Fiscal year workflow

This section describes the metaphases and subordinate phases in the life cycle of a fiscal year record. All transitions between phases are manually triggered.

Metaphase: Initial

Phase Transition Description
New Manual

This is the starting point for the fiscal year. A fiscal year is in this phase after being created.

To make the fiscal year active, manually transition it to the Open phase.

Next phase: Open

Metaphase: Active

Phase Transition Description
Open Manual

The fiscal year is available for selection.

Next phase: Close

Metaphase: Inactive (End)

Phase Transition Description
Close Manual

The fiscal year is not available for selection.

Next phase: None

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