Fiscal Year Closing – June 30, 2020
In case you have not received this directly, we want to remind you of these important Fiscal Year End procedures and informative webinar on Wednesday June 3.
Fiscal Year Closing – June 30, 2020
With the University’s fiscal year-end fast approaching, this memo provides information about the year-end closing process and related schedule. We thank you in advance for your cooperation to help ensure a smooth, fast, and accurate close. A complete copy of the year-end memo can be found here:
Topics covered include:
- Overview of the close process
- Closing periods and related key dates
- ISR and FSR billings
- Expense accruals and income deferrals
- Salary adjustments
- Rolling forward commitments to FY 2021
- Beginning balance for FY 2021
- Other considerations for year-end
- Concur travel and expense reimbursements
- Time off requests
- Purchase order close-out
- Faculty leave and termination actions
- Restricted gift and endowment spendable accounts
- Sponsored Programs
- Training opportunities
In addition, we will be offering a webinar to provide an opportunity for questions and answers on the year-end close. To register, please use the following link: Webinar – Fiscal Year Closing Review