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Year-End Deadlines for Accounts Payable and Purchasing Cards (PCards)

Overview

to ensure timely processing of payments and compliance with year-end financial close procedures, all transactions must be fully approved, received, and reconciled by June 30 of the current fiscal year.

The Business Office requires sufficient time to review and process submissions prior to the fiscal close.

Recommended Year-End Deadlines

Accounts Payable (Invoices and A-19 Forms)

  • Invoice submission deadline: June 19
  • Goods/Services must be received by: June 30
  • Requirements:
    • Submit a vald invoice
    • Include a completed and approved A-19 form with correct coding.
  • Note: Invoices submitted after June 19 or for goods/services received after June 30 may be charged to the next fiscal year.

Purchasing Card (PCard) Transactions

To ensure purchases are recorded in the correct fiscal year:

  • Last day to make PCard for purchases: May 22
  • All PCard purchases must be received  by: June 30 to be charged to the current fiscal year
  • Deadline to reconcile/submit receipts in the PCard system: June 30
    • All receipts must be uploaded.
    • Transactions must be fully coded and submitted.
    • Supervisor approvals must be complete.
  • Note: Purchases made after May 22 or received after June 30 may post in the next fiscal year.

Summary of Key Dates

Item   Deadline   Notes
Invoice Submission   June 19   Must include completed A-19 form
Goods/Services Received   June 30   For current fiscal year charges
Last Day to Use PCard   June 30   Receipts, coding, and approvals complete