Did you know that the FY22 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 highlights from a few of our upcoming deadlines:
- The deadline to process labor redistributions for FY22 payroll charges (excluding 2022 MN7 and 2022 BW15) is Thursday, July 14 at 5:00 p.m. Keep in mind that these labor redistributions must use a June transaction date and be approved (i.e., at disposition 60) in Banner by 5:00 p.m. in order to appear on the June period 12 statements.
- Also, remember that labor redistributions for FY22 payroll charges cannot be processed in period 14.
- The deadline to process any remaining FY22 journal vouchers or feeders, including any JV feeders processed through Finance Feeder Front End or Xferprod, must be entered and approved into Banner by 5:00 p.m. on Friday July 15, 2022. Users are strongly encouraged to process any final FY22 entries even earlier if at all possible, in order to avoid any last-minute issues or errors.
- The deadline to complete and submit Fact Sheets for your self-supporting funds (and certain practice plan funds) is Wednesday, July 20 at 5:00 p.m. For guidance on how to complete your Fact Sheets, refer to the various tips, job aids, and reference tools available on UAFR’s Fact Sheet resources webpage.
For further details, contact UAFR at (217) 333-4568 or at email@example.com.