Did you know that the FY20 Year-End Closing Procedures has a list of various deadlines to help keep you on track during the year-end closing process? See below for a few highlights of upcoming deadlines that will be helpful to keep in mind:
- The deadline to process FY20 labor redistributions for FY20 payroll charges (excluding 2020 MN7 and 2020 BW15) is Thursday, July 16 at 5:00 p.m. Keep in mind that these labor redistributions must use a June transaction date and should be at disposition 60 in order to appear on the June period 12 statements. Also keep in mind that labor redistributions cannot be processed in period 14.
- The deadline to process any remaining FY20 journal vouchers or feeders is Friday, July 17 at 5:00 p.m. Users are strongly encouraged to process any final FY20 entries earlier if at all possible, to avoid any last-minute errors or issues.
- The deadline to complete and submit Fact Sheets for your self-supporting funds (and certain practice plan funds) is Wednesday, July 22 at 5:00 p.m. For guidance on how to complete your Fact Sheets, see the Fact Sheet Training Resources section of UAFR’s Fact Sheet resources webpage, which includes our new job aids and reference tools.
Contact
For any further questions, contact UAFR at (217) 333-4568 or at uas@uillinois.edu.
