Monday, July 18 FAR sends spreadsheet (Tub XXX AP Accrual 2016) containing FY2016 invoices paid in July Friday, July 22 2 PM 3rd Close Deadline for posting A/P accrual journals. Tubs must: Determine all FY2016 accruals needed including FY2016 invoices processed in July as well as additional accruals for invoices not yet processed/received. Prepare and upload accrual journal(s) into the general ledger. Wednesday, July 27 5 PM Email the completed XXX AP Accrual spreadsheet to “Tub 2016” Steve Nedder () Please be sure to complete the A/P reconciliation tab and ensure that the balance of object code 2191 ties to the G/L. Wed., July 27 5 PM All accruals to S680 equipment codes and/or CIP object codes are posted to the appropriate asset and cleared from the mass additions queue. July 2015 (FY2017) Tubs reverse FY2016 A/P accruals. August/September Additional A/P accrual entries (if necessary) will be processed by FAR. (during PwC audit) Potential questions from PwC
Monday, July 18 FAR sends spreadsheet (Tub XXX AP Accrual 2016) containing FY2016 invoices paid in July Friday, July 22 2 PM 3rd Close Deadline for posting A/P accrual journals. Tubs must: Determine all FY2016 accruals needed including FY2016 invoices processed in July as well as additional accruals for invoices not yet processed/received. Prepare and upload accrual journal(s) into the general ledger. Wednesday, July 27 5 PM Email the completed “Tub XXX AP Accrual 2016” spreadsheet to Steve Nedder () Please be sure to complete the A/P reconciliation tab and ensure that the balance of object code 2191 ties to the G/L. Wed., July 27 5 PM All accruals to S680 equipment codes and/or CIP object codes are posted to the appropriate asset and cleared from the mass additions queue. July 2015 (FY2017) Tubs reverse FY2016 A/P accruals. August/September Additional A/P accrual entries (if necessary) will be processed by FAR. (during PwC audit) Potential questions from PwC