Friday Feature - Release and Complete at Year End

Yesterday was the Year End webinar with lots of great tips and tricks for the Year End Closing list. One of my favorite is the Release and Complete feature. With just a few clicks of the button, you can release, complete, and unencumber a requisition. Check it out.


All you have to do is enter the Accrual and Carryover as zero and Escape Online automatically calculates the amount to be released (outstanding – accrual – carryover = release). Set Process and Complete to YES and you are ready to post. That is when the magic happens. Check out the journal entry that is written automatically.


You can see the reversal of the encumbrance in yellow, the audit information in green and, of course, the correct requisition number in blue.

In addition to all of that automation, Escape Online also writes a history record to the requisition, so you (and everybody else) knows exactly what happened when, why, where and by who.

Stay tuned for next week when I talk about processing the requisition but NOT completing it.