Accounts Receivable Module Fiscal Year End Schedule and Procedures for Year Ended June 30, 2008
|
May 7 - Wednesday |
The
Accounts Receivable billing period calendar will be programmatically added on Wednesday, May 7. |
| June 30 - Monday |
The last
day for recording cash received in June is Monday, June 30. The
last complete Accounts Receivable production cycle for the 2008 fiscal year will be processed at 7:00 p.m. on June 30. All
cash posted to the Accounts Receivable module must be applied on or before June 30. No cash batches
should be left open as Unidentified or Unapplied cash after Monday, June 30. |
|
July 31 - Thursday |
Any
checks receipted in July that are issued by state agencies prior to July must
be segregated into separate batches to facilitate year end accrual
adjustments. Each of these cash batches should be assigned unique batch
numbers and their batch totals accumulated until Thursday, July 31.
The year end accrual batch totals are used to reclassify accounts receivable
to “cash on hand.” This reclassification entry is recorded
with a
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