Moving PO encumbrances to the current year

Purchase orders can remain open for multiple years and new transactions can occur in the current fiscal year. Encumbrance records are created in the previous year from new transactions, based on the purchase order date or the early delivery date on the PO line. After the year-end encumbrance rollover is completed, the new transactions must be moved to the current year. Use this procedure for encumbrance records that are in a released state.

Select Processing > Reporting Basis > Reporting Basis.
Select the reporting basis that is used for Budget Edit.
Select the current year. The current year is the basis year that is in an open status.
Select Actions > Move Prior Year PO Encumbrance to Current Year.
The new transaction records are moved to the first period of the current year.