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Financial Services Accounts Payable year‑end cutoff dates

Posted by Stephanie Rogers on March 7, 2016 in News

Truro Campus

Friday, April 1 (2 p.m.)

PRELIMINARY YEAR-END CUTOFF

The following documents and information must be received in Financial Services (Cummings Hall) by April 1st for the transactions to be included in the preliminary financial reports available April 6th, 2016: Cheque requisitions and travel claims; Journal Entries; Cash Deposits; Invoices for Payment and receiving copies of PO's for goods received April 1, 2016.

April 1st_ 12th (NOON)

The following documents and information must be received in Financial Services (Cummings Hall) by April 12th (NOON) to be included in the final financial reports: Final Journal Entries, Requests for Accruals (supplier invoices) and Accounts Receivable adjustments and supporting detailed listings (including subsequent deposit information).

 

If invoices are received after April 1st and they relate to the 2015‐16 year they should be clearly marked "2015‐16 Expense" to be considered for accrual in the 2015‐16 year. Please send these documents directly to Financial services in Cummings Hall and note on them “for accrual 2015‐16”. Invoices for less than $5,000 will not be considered.

 

CASH DEPOSITS AND ACCOUNTS RECEIVABLE

If deposits after April 1st relate to 2015‐16 they should be clearly marked "2015‐16 Revenue" to be considered for accrual in the 2015‐16 year. Units with accounts receivable should submit supporting documentation to Financial Services in Cummings Hall by noon on April 12, 2016. Documentation should include a customer listing, balances owing, and invoice dates. A journal entry should be included to adjust the receivable balance per the list of balances owing.

Please click here for more information on year-end cut-offs:

 

 

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