It has been less than 12 months since the previous Year End Rollover

It has been less than 12 months since the previous Year End Rollover

It has been less than 12 months since the previous Year End Rollover was run. Are you sure you want to run it again?

Root Cause: This message means your Servicing Director prior transaction posting date (which should be the date of your last completed business day) is not exactly 12/31.

Workaround:

  • This message can appear when you are setting the Year End Rollover event criteria.
  • The message is confirming the criteria you are setting the Year End Rollover event criteria only. When you click Yes, the criteria for the event will be set, but the event will not be actually run.  You will still have to run the event after the criteria is set. 
  • The criteria screen is comparing dates on the system. The prior transaction posting date is compared to the last end of year reporting done on your system, which is usually last year's reporting done on 12/31, exactly 12 months prior to this years 12/31 date. If the last end of year reporting was done less than 12 months ago, this message appears. 
  1. Click No whether you're setting the event criteria or running the event and review the Year End Rollover settings. 
  2. Confirm your Prior Transaction Posting date is correct for your business and that the Prior date is the date of your last day of business for the just ended year.  
  3. Confirm the Transaction Dates for your system using the Company table transactions screen.  For more information, review Definitions of the Servicing Director Current, Prior and Last Transaction Dates.
For some businesses, the Prior Transaction Posting date may be your last day of business for the year and not be 12/31, allowing you to ignore the message and continue. For example, if your very last business day is 12/30 and all your transactions and adjustments for the year are completed, and your are Servicing Director end of year procedures are directing to you run the Year End Rollover event at this point, then you can ignore the message and click Yes to continue. 

Click No to the message if the Prior Transaction Posting date is not your last day of business for the year and review the Servicing Director end of year procedures to complete what is needed before running the Year End Rollover event at a later time. 

ArticleNumber:

000042093