Year-End Adjustment Period

After we close the books on this fiscal year, there will be a brief period when adjustments can be made to address budget deficits. Departments can perform these transactions between July 1 and July 19.

Here are a few guidelines to follow:

• Transfers should be the primary activity being performed.
• Do not change the fund source.
• All transactions will be routed to central finance for approval.
• Accruals should not be initiated within departments.
• Activity during this three-week time frame will not be seen in FY25 balances until August 1
• When completing the Accounting Journal: Accounting Date: Select a date between June 1 and June 30, 2024
• Book Code (manual journal): Year-End Adjustments
• Book Code (bulk upload journal): Book_Code_Year_End_Adjustments

Questions or concerns? Please contact us at askfinance@virginia.edu.

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Don't miss any Fiscal Year-End Close Dates - check out the calendar of dates on the UVAFinance website.