Enable institutions to execute a Fiscal Year end and rollover necessary budgets and other financial objects (UXPROD-1149)

[UXPROD-201] Rollover the ledgers funds/budgets into a new Fiscal year (Creating new budgets for all funds at one time) Created: 20/Jan/18  Updated: 02/Aug/21  Resolved: 30/Apr/21

Status: Closed
Project: UX Product
Components: None
Affects versions: None
Fix versions: R1 2021
Parent: Enable institutions to execute a Fiscal Year end and rollover necessary budgets and other financial objects

Type: New Feature Priority: P3
Reporter: Cate Boerema (Inactive) Assignee: Dennis Bridges
Resolution: Done Votes: 0
Labels: Q3fromQ2, acquisitions, finances, po-mvp, round_iv, updateincapplan
Remaining Estimate: Not Specified
Time Spent: Not Specified
Original estimate: Not Specified

Issue links:
Defines
is defined by MODFISTO-210 Allow user to intentionally reset bud... Closed
is defined by MODFISTO-220 Funds lose group assignments after fi... Closed
is defined by UIF-275 Allow user to intentionally reset bud... Closed
is defined by UIF-286 Limit selection of fiscal years durin... Closed
Relates
relates to UIF-169 Set Fund detail for fiscal year rollover Closed
relates to UXPROD-1149 Enable institutions to execute a Fisc... Closed
relates to REP-95 Fund Cash Balance Closed
relates to MODFISTO-42 Finance Records: Inheriting status fr... Closed
Epic Link: Enable institutions to execute a Fiscal Year end and rollover necessary budgets and other financial objects
Front End Estimate: XXL < 30 days
Front-End Confidence factor: Low
Back End Estimate: XXL < 30 days
Development Team: Thunderjet
PO Rank: 77.3
PO Ranking Note: This has been ranked lower than other Rollover functionality because budgets can be created manually for the coming fiscal year. These can be created in the interface at anytime during the current year and do NOT need to have a dollar amount allocated until desired by the user.
Rank: Chalmers (Impl Aut 2019): R5
Rank: Chicago (MVP Sum 2020): R1
Rank: Cornell (Full Sum 2021): R1
Rank: Duke (Full Sum 2021): R1
Rank: 5Colleges (Full Jul 2021): R1
Rank: FLO (MVP Sum 2020): R1
Rank: GBV (MVP Sum 2020): R1
Rank: hbz (TBD): R1
Rank: Hungary (MVP End 2020): R1
Rank: Lehigh (MVP Summer 2020): R2
Rank: Leipzig (Full TBD): R1
Rank: Leipzig (ERM Aut 2019): R1
Rank: MO State (MVP June 2020): R1
Rank: TAMU (MVP Jan 2021): R1
Rank: U of AL (MVP Oct 2020): R1

 Description   

Overview: Once the financial structure has been created and money has been allocated for the current fiscal year. Users will begin creating orders and invoices etc. At the end of the fiscal year spending will need to slow and eventually stop at which time they system will need to move to the upcoming fiscal year. Allocations will be made for the coming fiscal year at or after rollover.

Approach:
User will rollover one ledger at a time into the new fiscal year as these ledgers may follow different fiscal years
When rolling over all current budgets will be closed and all planned budgets will be set as active.



 Comments   
Comment by Dennis Bridges [ 30/Apr/21 ]

All issue resolved and tested in bugfest-iris.

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