Wednesday, July 3, 2024

Reminder: Year End Adjustment Period Open Until July 19

Now that we have closed the books on this fiscal year, we're in a period when adjustments can be made to address budget deficits. Departments can perform these transactions between July 1 and July 19.
Year-End Adjustment is Open Now!

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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