As we approach the fiscal year end, we ask that you please be mindful of your Journal Entry and PET (Payroll Expense Transfer) deadlines and dates of entries. OGC/Finance receives a much larger volume of entries to approve throughout year end and therefore it is important that only transactions that need to be for June business are entered as such.  

Please review the Finance Office website with important deadlines and closing dates.

After June 30th, any entry Journal Entries created should be dated for July unless there is a justification to backdate for second Fiscal Year End close i.e., period 996.  

For PETS, the GL date is based on approval. All PETS approved prior to second close July 13th will be considered June business. If you do not need PETS to be completed in an adjusting period during second close, then it is best to hold creation of those entries until after July 20th as we will not be approving PETs in 3rd close unless there are extenuating circumstances.

No campus journal entries should be backdated to June after second close unless prior approval is received from your post award specialist and there is an agreement that the activity needs to be backdated.  

Thank you for your participation in the fiscal year end process. 

For more information from Post-Award Administration, click here.