It is time again to start planning for the fiscal year-end closing.
UM FY23 Closing Schedule
FY2023 items of interest include:
Requisitions – Last Day to Enter and Approve
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- Non-Catalog requisitions requiring a bid – Friday, 5/5
- Non-Catalog requisitions not requiring a bid – Tuesday, 6/20
- Show-Me Shop requisitions – Thursday, 6/30
Vouchers/Payment Requests – Last Day to Enter – Thursday, 6/30
June Web Journal Entry Cutoff for Departments – Friday, 7/14
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- For FY2023 entries, remember to change the Journal Date to 06/30/2023.
- Please refrain from creating FY2024 entries until after 7/14.
Automated AP Accrual Scheduled – Wednesday, 7/12
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- Vouchers approved and posted between 7/1 and 7/11 with an invoice date before 7/1
- PO vouchers must also have a PO date before 7/1
- Expense report lines approved and posted between 7/1 and 7/11 with an expense date before 7/1
- Vouchers approved and posted between 7/1 and 7/11 with an invoice date before 7/1
Automated ARR/CRR Accrual Scheduled – Wednesday, 7/12
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- All approved and posted ARRs and CRRs meeting the following criteria will be included in an automated accrual:
- ARR/CRR (Cashiers and Direct Deposit) date before 7/1 and associated journal date between 7/1 and 7/11 or
- ARR/CRR (Cashiers and Direct Deposit) date between 7/1 and 7/11 and reference date (Date of Check field) before 7/1 or
- ARR/CRR (ACH/Wire) bank date before 7/1 and associated journal date between 7/1 and 7/11
- ARR/CRR (Cashiers and Direct Deposit) date before 7/1 and associated journal date between 7/1 and 7/11 or
- All approved and posted ARRs and CRRs meeting the following criteria will be included in an automated accrual:
UM Daily Processing – The journal entry module will have a nightly run each Sunday evening in July, beginning on July 9, to account for activity processed after 5 PM on Fridays.
Please distribute this closing information to the appropriate staff in your units.
If you have any questions about closing, please contact Randall Vogan or John Creamer