How do I extend the fiscal period in Alma?
If you need more time to create purchase order lines and/or post invoices after the end of the fiscal year, you can change the grace period at the ledger or fund level.
1. Go to Acquisitions > Acquisitions > Funds and Ledgers.
2. Click Edit on a ledger or fund.
3. Scroll down to the "Rules" section. If necessary, click Override Rules Information.
4. Enter a number of days that encumbrances and/or expenditures can be created after the end of the fiscal year.
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5. Click Save.