Accounts Payable Fiscal Year-End Notice

April 14, 2023

Thank you for your continued support, patience, and cooperation throughout the fiscal year.  We will continue to support you to the best of our ability as we approach one of our busiest times of the year.

In preparation for fiscal year end close on June 30, 2023, there are special timing considerations and actions required on your part in order to ensure that all financial transactions are recorded properly and in the current fiscal year.

In order to close out FY23, it is requested that all invoices, receivers, purchase orders, Non-POs and travel be forwarded to Accounts Payable no later than 4 p.m. on June 30th. If items are received in the department after this date, please process them as soon as possible.

Invoices received in Accounts Payable after June 30 will still be posted in FY23 if services were rendered or goods were received on or before the close of FY23. However, any invoices received after July 9th will be posted to FY24, even if services were rendered or goods were received in FY23. Please do not hold any invoices.

For those departments currently approving orders in Banner, all receiving must be completed with the date the goods were received. This is especially important during the months of June and July.

Please check all invoices that are forwarded to Accounts Payable to make sure they include the correct purchase order numbers. Invoices with incorrect or missing purchase order numbers will delay the payment process. If you have any questions or concerns, you may contact the Accounts Payable department via email at invoices@rowan.edu. 

Thank you for helping Accounts Payable better serve your department and closing out the fiscal year.

Fiscal Year-End Prep PowerPoint Presentation - 2023