YEAR END STRATEGIES APRIL 22, 2011 UNM FISCAL YEAR END:

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    31-Mar-2015

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Slide 2 YEAR END STRATEGIES APRIL 22, 2011 Slide 3 UNM FISCAL YEAR END: Slide 4 STRATEGIES FOR A SMOOTH FINISH: Slide 5 WATCHING THE DEADLINES Find the schedule on the Financial Services Resources website: http://www.unm.edu/~fssc http://www.unm.edu/~fssc Updates and changes will be posted to this site weekly Slide 6 BASIC STRATEGIES: Reconcile your indices Correct any errors Meet the Year End Deadlines: Document Submission in Banner Supporting Document Submission Follow your documents progress Are they approved yet? Banner Cleanup: Close unneeded purchase orders Close unused indices Slide 7 RECONCILE YOUR INDICES! Monthly is best practice Decreases year end journal vouchers Saves you time Correct errors each month Slide 8 KEY DEPARTMENT DEADLINES: ItemDeadlineComment Requisitions5/13Greater than $20,000 completed Requisitions6/10Between $5,001 and $20,000 completed PHAREDS deleted6/13System purge for items at disposition 47 created BEFORE 5/1/11 Requisitions6/17