After we close the books on this fiscal year, there will be a brief period when adjustments can be made in order to address budget deficits. Departments can perform these transactions between July 1 and July 14.
Here are a few guidelines to follow:
- Transfers should be the primary activity being performed.
- Do not change the fund source.
- All transactions will be routed to central finance for approval.
- Accruals should not be initiated within departments.
- Activity during this two-week time frame will not be seen in FY24 balances until August 1
- When completing the Accounting Journal:
- Accounting Date: Select a date between June 1 and June 30, 2023
- Book Code (manual journal): Year End Adjustments
- Book Code (bulk upload journal): Book_Code_Year_End_Adjustments
Questions or concerns? Please contact us at askfinance@virginia.edu.
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Don't miss any Fiscal Year-End Close Dates - check out the calendar of dates on the UVAFinance website.