How do I close old encumbrances before rollover to a new budget?
- Close old encumbrances that your library does not want transferred to the new budget year.
- WorldShare Acquisitions
If you want to close encumbrances, follow these steps.
- Find Encumbrances .
- Determine if you want these to roll over to the new budget or if you want to close them out.
- If you want to close them out you need to Expend Funds by receiving and invoicing the items.
- Pay the invoice.
The Open Encumbrances report is a good tool for finding stray encumbrances that have not been closed yet for a budget.