Year End Deadlines 2021
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The University's year-end is Friday, April 30, 2021. All transactions occurring before year end must be dated April 30, 2021 or earlier to be included in the 2020/2021 budget year. It is the responsibility of each department to submit its accounting records before the deadlines listed below. The transactions received before these deadlines will be included in the 2020/2021 budget year.
Cheques should be sent to the Cashier’s Office and must be received by Thursday April 29th in order to guarantee April processing. Cash deposits will be accepted by appointment only. Please contact email@example.com to book an appointment.
The cut off will be April 30, 2021 at noon.
The Central Cashier will continue to operate by appointment only for petty cash reimbursements prior to year-end. Please contact firstname.lastname@example.org to book an appointment. The cut off will be April 30, 2021 at noon.
ACCOUNTS RECEIVABLE INVOICES
All April dated invoices for external customers must be finalized and printed by 3:00 p.m. on April 30, 2021.
The last day for submission of the physical inventory sheets is Tuesday, May 4, 2021.
Interdepartmental charges for goods received or services rendered on or before April 30, 2021 must be dated (and approved if Mustang Market forms/journals) April 30, 2021 or prior and journaled no later than Monday, May 3, 2021. Ensure the Accounting Date on the Journal Entry Header Panel is changed to April 30, 2021.
EXPENSE REIMBURSEMENT & ADVANCES
Paper Non-employee claims for expenses incurred prior to April 23, 2021 must be in email@example.com or SSB 6100 no later than Friday, April 23, 2021 for processing. Electronic Non-Employee claim forms must be submitted and approved by Friday, April 30, 2021 for expenses incurred up until that date.
Online employee expense reports must be approved by the final approver no later than Friday, April 30, 2021 to be included in the 2020/2021 budget year. Expense claims related to outstanding advances must be submitted and approved no later than Friday, April 30, 2021.
Regular and vacation pay for part-time employees and any overtime owed to employees should be paid in April. The payroll from April 11 to 17, 2021 will be processed April 26, 2021. Financial Services will NOT be processing a payroll accrual.
PROCUREMENT & PCARD INSTRUCTIONS
Purchase orders for goods and services received in the 2020/2021 budget year and invoiced before May 1, 2021 must be approved and released in Mustang Market by April 30, 2021 to be processed in the 2020/2021 budget year.
Purchase orders for goods and services shipped, received and invoiced after April 30, 2021 will be committed against the 2021/2022 budget year.
PCard transactions from April 16 to 30, 2021 will be available for reconciliation on May 1, 2021 and must be submitted and approved by May 4, 2021 at 5:00 p.m. to be included in the 2020/2021 budget year.
Suppliers' invoices must be in Accounts Payable, firstname.lastname@example.org or SSB 6100, no later than May 1, 2021. Invoices received after this date will be processed in the 2021/2022 budget year.