Fiscal Year 2016 Financial Services Deadlines

Loyola’s Fiscal Year-end of June 30, 2016 is rapidly approaching. In order to ensure a timely and efficient year end close, please adhere to the following deadlines:

Year-End Task Due Date Department Responsible Departmental Contact for Questions
Payroll Adjustments for SPA: PAFs or EIFs that include Grant and/or Gift Accounting Units Friday, June 10, 2016 Sponsored Program Accounting mscalero@luc.edu rthomas16@luc.edu
All Other Payroll Adjustments Wednesday, June 22, 2016 General Accounting cfraczkowski@luc.edu
Check Requisitions/ Expense Reimbursements that include Grant and/or Gift Accounting Units Monday, June 27, 2016 Accounts Payable Accounts-payables@luc.edu
All Other Check Requisitions/Expense Reimbursements Thursday, June 30, 2016 Accounts Payable Accounts-payables@luc.edu
Non-Repetitive Wire Transfer Request (one time payments) Monday, June 27, 2016 by 12pm Treasury Cashmgmt@luc.edu
Repetitive Wire Transfer Request Thursday, June 30, 2016 by 12pm Treasury Cashmgmt@luc.edu
Procurement Card Transaction Date to be included in FY2016 Thursday, June 30, 2016 Procurement Card ProCard-Admin@luc.edu
Notify Purchasing of Purchase Orders Received Thursday, June 30, 2016 Purchasing Purchlsc@luc.edu
Expense Accruals for goods received or services rendered by June 30, 2016* Wednesday, July 6, 2016 Accounts Payable/General Accounting Accounts-payables@luc.edu
Journal Entry/Expense Transfer Requests (including deferrals & receivables) Wednesday, July 6, 2016 General Accounting Accounting@luc.edu mfriedberg@luc.edu

*Please inform Accounts Payable of any invoices >$25,000 received after July 6th that would need to be accrued for FY16

 

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