Fiscal year 13 Year End Instructions and Deadlines

[Business Affairs Office News]

Good morning,

With year-end quickly approaching, please take time to review the year-end departmental instructions and the year-end deadlines at http://ba.uoregon.edu/staff/year-end-close.  It is important for all departments to read and follow these instructions to assist the Business Affairs Office in coordinating the University of Oregon's fiscal year-end close.

Please make every effort to post transactions for June to period 12 before it closes on July 8th 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.   Fiscal period 14 should be reserved for accruals and adjustments.

If your department has made any entries to general ledger asset or liability account codes (those that begin with the letters "A" or "B") please maintain a listing of those transactions in your department to support the balance in those accounts as of June 30, 2013.  Balances can be reviewed through the Banner form FGITBAL.  The Oregon University System requires supporting detail and account reconciliations for asset and liability accounts to support year-end balances.
Please see:  http://ba.uoregon.edu/staff/year-end-departmental-instructions-13#Account_Reconciliations for a list of commonly used account codes that require backup and reconciliation.

For general questions on specific deadlines, please refer to the webpage at:  http://ba.uoregon.edu/staff/year-end-deadlines-13.
For general questions related to year-end closing, please refer to webpage at: http://ba.uoregon.edu/staff/actg-and-finl-mgmt-contacts.

Thank you.
BAO Financial Services

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