This topic describes the required setup and steps for running the general ledger year end close process. The scheduled date for closing the general ledger for the 2021 fiscal year is wednesday july 14 2021.
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Fiscal year 2019 2020 closing schedule.
Finance year end closing 2020. These deadlines must be met to ensure use of your 2019 2020 budgets rather than your 2020 2021 budgets. Since this is a unique and unprecedented year these dates will be accelerated compared to previous years to preserve our cash flow needs. Below is a list of new or different requirements and deadlines in the fy 2020 year end closing instructions from the previous year.
30 jun 2020 prepare for end of financial year and wrap up your books for the 2019 20 year. This year s fiscal year end task checklist supplements the referenced memo. The year end schedule and fiscal year end closing general information are updated in april of each year with specific dates and contacts related to the year end process.
The 2020 21 fiscal year ends on june 30 2021. 21 dec lodge and pay november bas if you lodge monthly. Most organizations will run the year end close.
The fiscal year closing schedule provides important information about the 2019 2020 year end closing including the availability of sap reports and processing deadlines for the year end period 12 first preliminary period 13 second preliminary and period 14 final close. The financial advisory services training f a s t team will be holding year end related workshops. The following workshop is offered once in 2020.
The purpose of this memorandum is to provide information concerning year end procedures and the dates that documentation must be received for payment in the fiscal year ending on june 30 2020. Covers such topics as running and downloading your carryforward report and reconciling it with your total funding activity report. 8 minutes to read.
Fy 2020 ye close information and instructions updated 9 29 2020. At the end of a fiscal year you must run the year end close process to transfer opening balances to the new year. Per the memo sent april 28 please remember that next week marks the beginning of a series of key dates for fiscal year end.
21 sept 2020 lodge and pay august bas if you lodge monthly. See pages 11 13 30 31 and 34 purchase order and po voucher cut off date has been extended from june 15 to june 18. Financial reporting division.
Digital or electronic signatures will be accepted on fy 2020 year end forms.
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