Finalizing the New Year Setup Process

Once you have selected the Complete button on all of the New Year Setup tasks, and you are ready to kick off your new year, select Finalize New Year Setup to create the new award year and copy all of your new items into production. This is an asynchronous process that may take some time to complete, but you can use other parts of PowerFAIDS while you are waiting. You will see a message in the upper right corner when the process is complete. If you think you may have missed that message, you can check back on the New Year Setup dashboard. If the Status column shows Completed for the Finalize New Year Setup task, the process has completed, and all your new items are available to use in the system and can be reviewed or updated from the associated page for the entity in the System Administration module.

Once you have finalized New Year Setup, make sure to review the logs and data integration tokens report for additional details on the process. This report displays the old and new data integration tokens for the newly created items (such as award year-specific requirements) that you may have mapped for integrations with other campus systems, as well as provides context on any problems that occurred during the process of creating any items. For more information, see Reviewing Logs and Data Integration Tokens.

Tip: If your custom processes and custom process targets contain award year-specific data, you will want to review these items to ensure they are copied or updated for the new award year. For more information, see Reviewing Custom Process Targets.

Furthermore, after the new award year has been created, there are a few additional entities you need to review and update before you are ready to process in the new year. These items can only be updated once the new year is available in the system. For more information, see Reviewing Additional Year-Specific Entities After Finalizing New Year Setup.