REMINDER: YEAR-END TRANSACTION DATES

[Business Affairs Office News]

Good Morning,

This is a reminder that when processing transactions at fiscal year-end, it is important to be aware of the transaction date used in the document.  The transaction date determines which fiscal year the document will post to.  Beginning July 1, banner will automatically default to the new fiscal year date.

If work was performed or goods or services were received by June 30, 2012, they must be paid from fiscal year 12 funds.  You many backdate your document to June 30 if processing the transaction date in July.  (Please note that Banner FIS for FY12 will be closed to campus for transaction processing as of 5:00 p.m., on July 16th.)

To make the year-end close as accurate as possible, please make every effort to post transactions for June to period 12 before we close period 12 on July 9th at 5:00 p.m.  To allow time for transactions to clear approval queues, be sure to post all transactions before 3:00 p.m. on that date.

For other information on year-end closing, please see the Business Affairs webpage at:

http://ba.uoregon.edu/staff/year-end-close

For questions on these or other closing of the books issues, contact  Martha Schumacher at 6-3524.

Thank you.

BAO Financial Services



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