End of the business cycle procedure

At the end of each business cycle, to ensure the correct status displays for the new period/year, change the off-grid member for the Period and Year dimensions (or the merged Period-Year dimension) to the new period/year in the Approval_Base view, according to this schedule:

Module	Schedule for resetting status
Budgeting	Yearly
Financial Consolidation	Monthly

The off-grid member must be an open period. For example, within the focus range. If the off-grid member is outside the focus range, the status cannot be updated.

For Budgeting, you must also manually reset the status for all units.

Best practice: (Budgeting Only) After the close of a business cycle, coordinate with the users to ensure no data is submitted for the next period until after the status for the previous period has been reset and the off-grid member for the Period/Year dimensions for the Approval_Base view has been changed.