Year-End Transaction Dates

[Business Affairs Office News]

Good morning,

The Business Affairs Office (BAO) Financial Services Department would like to remind University of Oregon personnel 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. Transaction dates began to default to FY18 on July 1st.

If posting transactions for goods or services which were either provided by or received by UO prior to June 30, 2017, the revenue or expense must be posted to FY17. You must change the date on your document to June 30 when processing the transaction in July.

We will close period 12 on Tuesday, July 11th at 5:00 p.m. Please make every effort to post June transactions before 3:00 p.m. that day to allow time for documents to clear the approval process.  Campus lock-out for period 14 will occur Tuesday, July 18th at 5:00 p.m.

For other information on year-end closing, please see the BAO webpage at: http://ba.uoregon.edu/staff/year-end-close.

Thank you,
BAO Financial Services Department

Robbin Howard, 6-1115, rchoward at uoregon.edu<mailto:rchoward at uoregon.edu>
Phil Davis, 6-3524, pdavis at uoregon.edu<mailto:pdavis at uoregon.edu>

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