Accounts Payable 2018-2019 YearendPosted on: Feb 26, 2019
Just a reminder that our fiscal year-end of March 31, 2019 is fast approaching. Accounts Payable will be using the cut-off of Friday, March 29th as March 31st is a Sunday.
We request your assistance in finalizing all Accounts Payable transactions for the 2018-2019 fiscal year-end. In order for an expense to be posted to the current fiscal year the services must be rendered, goods received or travel completed by the cut-off dates below.
2018-2019 Fiscal year-end requirements and deadlines as outlined below:
Please place all required orders so that goods are received well before March 29, 2019. Suggested date to finalize all orders is March 15, 2019 but if more lead time is required by your vendor then please ensure their deadlines are met. Any delays in shipping or backorders could result in goods not being received by March 29th and expenses having to be paid from the 2019-2020 fiscal year.
All approved invoices must be received by Accounts Payable, S208, by Friday, March 29, 2019.
- If invoices are not available please submit the completed PO, with your signature and notation of the date goods were received, to Accounts Payable, S208, by Friday, March 29, 2019.
- If any items are on backorder please ensure that this is clearly indicated on the Purchase Order.
- If purchase was made without a PO then please email firstname.lastname@example.org with purchase details and attach your order and shipping confirmations.
Please remind all independent contractors (not employees) engaged by your department of our year-end. If allowed by their contract, contractors should be invoicing for work completed up to March 31, 2019.
Approved invoices must be received by Accounts Payable, S208, by Monday, April 1, 2019. Please ensure that the invoice clearly states the dates and details for work being billed.
All payments being requested by Cheque Requisition must have backing to support date and terms of payment. If payment for 2019-2020 deposits or bookings are required prior to March 31, 2019, they will be process however these will be treated as a prepaid expense at yearend.
Approved Cheque Requisitions with complete backing must be received by Accounts Payable, S208, by Friday, March 29, 2019.
The last day to submit receipts dated April 1, 2018 to March 15, 2019 for reimbursement is Friday, March 15, 2019. Expense claims received after March 15th and out of pocket expenses incurred March 16 to 31st will be considered 2019-2020 expenses.
Approved Expense Claims for the 2018-19 fiscal year must be received by Accounts Payable, S208, by Friday, March 15, 2019.
TRAVEL EXPENSE CLAIMS
The last day to submit a Travel Expense Claim for travel that was completed by March 31, 2019 will be Monday, April 1, 2019. If travel is not completed by March 31, 2019 then this will be a 2019-2020 expense.
Approved Travel Expense Claims for the 2018-19 fiscal year must be received by Accounts Payable, S208, by Monday, April 1, 2019.
If you should have any difficulties meeting any of these deadlines, or have any questions regarding these procedures please do not hesitate to contact Darlene at extension #209 or email email@example.com.