Finance and Planning end-of-year deadlines

With the end of the year approaching, there are some points to consider ensuring a smooth closure of the university’s 2024 accounting books and financial year-end work.

Please see below the finance end-of-year deadlines for 2024:

Ensuring expenses for 2024 is journaled correctly to appropriate income and expense accounts

Project owners should aim to review their projects as early as possible and submit correction journals to Finance. The Finance team can help with the required reports.

Accruals, purchase orders finalisation for 2024

Please ensure your list of 2024 expense accruals (based on invoice) finalisation and supplier invoices is submitted to the finance team and/or your finance business partner by their advised due dates. If you are unsure of the due date, please reach out to your finance business partner.

Any submissions received by Finance after the due dates may not be processed in 2024.

We urge you to submit your requests to Finance as early as possible and by the due dates. Providing complete, comprehensive information and justification/support (source documents) with your submissions will greatly assist in expediting the process and minimising any potential delays.

Finance would like to express our appreciation for your assistance with the year-end processes and continued support throughout the year. We wish everyone a happy Christmas and all the best for the new year.