Business Rules

      Actual expenses and actual revenues balance types are eligible for close.

      Those representing expense and revenue object types are eligible for close.

      The annual balances that do not have a zero balance are eligible.

      If the unit of work qualifies for closing nominal activity, create a pending close nominal activity entry in an object code defined in the NET_EXPENSE_OBJECT_CODE or NET_INCOME_OBJECT_CODE parameters. An entry is also made to the corresponding fund balance offset.


Beginning Balances