A Web session was provided to review the year-end closing process, deadlines, preparation and to answer participant questions. The session was hosted jointly by representatives from the Financial Affairs, Budget, PAFO, and Sourcing & Procurement Offices.
Webinar Presentation Slides
Session Video Recording
Click the image below to view a recording of the Webinar. While the video is running, hover your mouse over the video to view controls to fast forward, rewind, or pause the video.
Additional materials referenced during the Webinar
- Fiscal Year-end Closing Memo
- Office of the Comptroller Resources
- Year-end Close Calendar
- GL Income and Expense Account Listings
- GL Income and Expense Account Descriptions
- BUworks Instructor-led Training Opportunities
- Useful documents
- BW How-to View Open Commitments
- How to create park and post journal entries (folder contains multiple documents related to journal entries)
- BUworks Online Help: Document Library (Kerberos authentication required)
Webinar Questions and Answers
Questions and answers discussed during the Webinar:
1. What is the deadline for leave time requests for FY15?
A: June 30
2. If it takes up to 5 days to appear in CAR, when is the deadline for approving purchases via P-card?
A: June 19
3. What kinds of commitments will carry forward?
A: ISR’s, FSR’s, Purchase Orders and Shopping Carts will carry forward if there is an associated open commitment. However, manual Funds Reservations will not carry forward.
4. How can we be sure providers are actively closing commitments related to ISRs and FSRs?
A: Providers are being proactive in finding open commitments. If you aren’t sure whether any of your ISRs or FSRs have been closed, give the provider a call or send them email to find out about status.
5. How can we get a guest account set up in Concur for individuals outside the department to ensure they are posted to FY15 before the deadline?
A: Send email to travelexpense@bu.edu and the Travel team will set that up for you.