Staff may encounter expired accounts in the Account section of the Chart of Accounts page in Kuali Financial Systems (KFS).
Review the following points for more information about expired accounts:
- Accounts become expired once they reach their expiration date.
- Business rules on transactions may prevent the use of expired accounts, or provide warnings when an expired account is being used and require a manual override.
- The continuation account will accept transactions which are processed on the account after the account expiration date if an override option is not chosen.
- To expire an account, use Account Edit to add an expiration date. A continuation account will be required.
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