FY24 Year-End and Fund Type 100 Schedule
Category: Accounts Payable, Discretionary Spending Policies, For Suppliers, Travel and Expense, Alert, Featured, Purchasing
Dear Rutgers Colleagues,
Please review the information and deadlines below to navigate the fiscal year 2024 year-end process, and to ensure your financial transactions are processed in a timely manner.
Processing and Submission Deadlines
Please adhere to the following timelines to ensure we have adequate time to process your transactions before the year-end close. All transactions must be completed by the School/Unit by 4:30 PM on the date specified.
Date | Area | School/Unit Action |
Friday |
Purchasing |
|
Accounts Payable |
|
|
Thursday June 13, 2024 |
Purchasing |
|
Friday June 14, 2024 |
Travel and Expense |
|
Wednesday June 19, 2024 |
Purchasing (IPOs) |
|
Wednesday July 17, 2024 |
Accounts Payable |
|
Fund Type 100 Project Strings
Per instructions from the University Controller’s Office, Fund Type 100 project strings will be disabled in RU Marketplace effective May 1, 2024.
Date | Business Manager (Unit) / Procurement Action |
Wednesday May 1, 2024 |
|
Wednesday May 15, 2024 |
|
Thursday May 30, 2024 |
|
Sunday June 30, 2024 |
|
Additional Information:
- Open Purchase Orders: Encumbrances that were initiated through a purchase order in RU Marketplace will automatically carry over to fiscal year 2025. No action is required by end users.
- Payment Processing: Fiscal year 2025 begins on Monday, July 1, 2024. We do not anticipate any disruption to the payment and distribution process. Accounts Payable may add additional payment runs if necessary.
- Invoice Processing: If additional information or supporting documentation related to vendor payments is needed, please contact the Procurement Help Desk. Be sure all purchase orders are adequately funded so invoices can be processed prior to year-end close.
- Oracle Financial Reporting: For questions related to Oracle financial reporting and budgeting, please contact the Financial Management Help Desk.
Thank you for your partnership as we prepare for a successful fiscal year 2024 year-end close.