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
All Other Payroll Adjustments Wednesday, June 22, 2016 General Accounting
Check Requisitions/ Expense Reimbursements that include Grant and/or Gift Accounting Units Monday, June 27, 2016 Accounts Payable
All Other Check Requisitions/Expense Reimbursements Thursday, June 30, 2016 Accounts Payable
Non-Repetitive Wire Transfer Request (one time payments) Monday, June 27, 2016 by 12pm Treasury
Repetitive Wire Transfer Request Thursday, June 30, 2016 by 12pm Treasury
Procurement Card Transaction Date to be included in FY2016 Thursday, June 30, 2016 Procurement Card
Notify Purchasing of Purchase Orders Received Thursday, June 30, 2016 Purchasing
Expense Accruals for goods received or services rendered by June 30, 2016* Wednesday, July 6, 2016 Accounts Payable/General Accounting
Journal Entry/Expense Transfer Requests (including deferrals & receivables) Wednesday, July 6, 2016 General Accounting

*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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