1.YEAR END – Accruals
An accrual is necessary for goods or services that were received on or prior to June 30 or travel that occurs prior to June 30. Fiscal 2015 expenses can be accrued until 10:00 am on July 15. The process is different depending on whether or not you have an invoice in hand by July 15.
Invoice in Hand by July 15:
There is no need to send an email request. Simply complete the Accounts Payable voucher as normal with two differences:
1. Note in “Instructions to AP” that this is a Fiscal 2015 accrual.
2. Ad hoc Susan Pavis at the end of the workflow path after Accounts Payable.
Invoice not Received by July 15:
Email Susan Pavis at email@example.com by 10:00 am on July 15. The email should have all the necessary information such as vendor, amount, smartkey/account and dates of goods or services (which must be prior to June 30). Please copy the appropriate approver on the email. Susan will process a Fiscal 2015 charge to the smartkey. When the actual invoice is received, complete an accounts payable voucher in Fiscal 2016, charging the department smartkey, and ad hoc Susan Pavis into workflow as an approver at the end of the workflow. Note in “Instructions to AP” that the voucher was accrued.
2. PCARDS – Charges not appearing on final voucher
Charges made on your PCard during the last week of June may not be appearing on the END_JUN15 voucher. This is often due to the vendor not submitting the charge to the credit card processor in a timely manner. If you are aware of this situation you should accrue the expense according to the Paragraph in Section 1 above titled “Invoice not Received by July 15″.
Fiscal 2015 PCard vouchers are due July 10. Please review and act on all PCard vouchers routed to you for approval by July 10. If you have any questions or problems submitting and/or approving your voucher, contact firstname.lastname@example.org.
3. FISCAL 2016 BUDGETS
2016 budgets have been loaded. The budgets in funds 111, 140, 210, 5xx, 6xx, 720 and certain budgets in funds 101 and 105 are still subject to change based upon additional activity that is still being posted to Fiscal 2015.