Create EACs Based on Current Period

Use this procedure to create EACs based on the current period.

Currently, the system defaults to Create EACs based on Last Closed Period (Standard Function).

This means that when you create an EAC, the date will be based on the maximum End Date from Maintain Fiscal Periods and less than the current FY/PD (Maintain Current Period).

When you select Create EACs based on Current Period, the date for the closed period that will be used when you create an EAC is the current period as specified as the End Date in Maintain Current Period application.

To create EACs based on current period:

1. Go to Planning > Administration > Administration Controls >  Configuration Settings > Project Tab.
2. In the Allow EAC creation prior to period close drop-down menu, select Create EACs based on Current Period.
3. Click Save.

   When you select Create EACs based on Current Period, the date for the closed period that will be used when you create an EAC is the current period as specified as the End Date in Maintain Current Period application.

4. Go to Project Budgets/EACs , and from the Actions drop-down list, click Create EAC.
   • The Closed Period date displayed will be the End Date in Maintain Current Period application.
   • You do not need to Refresh the application for the changes in configuration to take effect.
   • Also, when the Create EACs based on Current Period is selected the EAC created from an Approved Budget will bring in Actual transactions in the Current Planning Period and replace the Current Period Budget. If there are no Actual transactions, the Budget numbers will be removed in the Current Period.