- Knowledge Base Categories:
- School Accounting System
- Accounts Payable
FAQ: How do I carry forward outstanding purchase orders (and requisitions, if applicable) to the next fiscal year?
For outstanding purchase orders (and requisitions, if applicable) that are needed in the next fiscal year, there is nothing that needs to be done to carry them forward. The outstanding balances automatically carry forward to the next fiscal year.
Note: If there are outstanding purchase orders (or requisitions, if applicable) that are no longer needed (i.e. the outstanding purchase orders will not be invoiced or the outstanding requisitions will not be converted to purchase orders), they can be cancelled. To cancel the remaining balances for all line items for outstanding purchase orders that are no longer needed, complete the Cancel Outstanding Purchase Orders option, which is accessed under the Options menu on the Accounts Payable screen. To cancel the remaining balances for outstanding requisitions that are no longer needed, complete the Cancel Outstanding/Rejected Requisitions option, which is accessed under the Requisitions menu on the Accounts Payable screen. For detailed instructions on completing these options, refer to the Cancelling Outstanding Purchase Orders topic and the Cancelling Outstanding/Rejected Requisitions topic in the Help File.