When you open the first period defined for your ledger, General Ledger automatically opens your first encumbrance year as well. When you open additional encumbrance years, General Ledger automatically rolls your project-to-date encumbrance balances forward through the last period of the latest open encumbrance year.
You do not need to open encumbrance years if you are not using encumbrance accounting.
Note: There is no concept of closing encumbrance periods or years. Once you open an encumbrance year, you will always be able to enter and post encumbrance journals to any period up to the latest open encumbrance year.
Navigate to the Open and Close Periods window.
The Find Periods window appears.
General Ledger automatically displays your Latest Open encumbrance year. You can enter and post encumbrance balances up to the last period of your latest open encumbrance year.
Choose a Ledger from the list of values and choose Find.
Your data access set must provide read and write access to the ledger and all of its balancing segment values and management segment values to open its encumbrance year.
Choose Open Next Year. General Ledger submits a concurrent process to open the next encumbrance year.
Choose the Period Status of the periods you want to find. Any is the default to indicate any period status.
(Optional) Specify a Period, Fiscal Years, or Period Number to find specific periods for the ledger. If you leave these fields blank, all periods are retrieved.
Select Find.
The Open and Close Periods window display the latest open encumbrance year.
Select Open Next Year.
General Ledger submits a concurrent process to open the next encumbrance year.
Other Sources
Setting Up Oracle Purchasing and Oracle Public Sector Purchasing (Oracle E-Business Suite User's Guide)Setting Up Oracle Purchasing and Oracle Public Sector Purchasing (Oracle E-Business Suite User's Guide)