Controller’s Office Reminder to Close Out the Fiscal YearPosted May. 6, 2013
Kent State University ends its fiscal year on June 30. The following are the cut-off dates for various financial transactions for the end of this fiscal year. In general, documents received after the due date will be recorded in the new fiscal year.
Please share this information with others in your department as you feel necessary.
The Controller’s Office appreciates timely submissions of documents to ensure the university’s auditors that a timely cut-off has occurred. For questions or more information, please contact the Controller’s Office at 330-672-2392.
|ITEM (as of 6/30)||DUE DATE||AREA|
|Cash deposits||July 1 by 4 p.m.||Bursar's Office
|Credit memos/invoices for accounts
receivable other system
|July 1 by 3 p.m.
|Cost transfers||June 17 by 5 p.m.||Controller's Office
|Expense reimbursements||June 28 by 5 p.m.||Accounts Payable
and COR journal entries
|June 28 by 5 p.m.||Controller’s Office|
|Invoices for payments and P-card
|July 5 by 5 p.m.||Accounts Payable|
|Non-position control budget revisions
||July 2 by 5 p.m.||Budget Office|
|Petty cash reimbursements
||July 1 by 5 p.m.||Controller’s Office|
|Position control budget revisions||June 24 by 5 p.m.
|Purchase requisitions (date for final approval)
||June 27 by 5 p.m.||Procurement
||June 17 by 5 p.m.
|Wire transfers||June 26 by 5 p.m.||Accounts Payable