You can see the active quarter as the current quarter in Data Entry for an Interim dataset. The work flow for the interim dataset allows for one quarter to be active at any given time. Once a quarter is complete, it can be advanced to the next quarter or an advanced quarter can be rolled back to a prior quarter.

 

Advance to Q

The Q1 active quarter can advance to Q2 by selecting Advance to Q2. When the Advance option is selected the Q1 data is locked as read-only, and the Q2 data entries become available. The forecasted data from Q1 is copied to Q2 and the Actual ending rates and ending balances in Q1 become the beginning rates and beginning balances in Q2.

 

The Q2 active quarter can advance to Q3 by selecting Advance to Q3. When the Advance option is selected the Q2 data is locked as read-only, and the Q3 data entries become available. The forecasted data from Q2 is copied to Q3 and the Actual ending rates and ending balances in Q2 become the beginning rates and beginning balances in Q3.

 

Roll Back to Q

When the current quarter is Q2, you have the option to Roll Back to Q1 or Advance to Q3. When the current quarter is Q3, you have the option to Roll Back to Q2.