Fiscal Year End
Fiscal Year End
Accounts Payable Fiscal Year-End Notice
April 30, 2025
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, 2025, 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 FY25, 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 July 7th.
*Only services that have been rendered or items that have been physically received on or before June 30th will be recorded in FY 25*. Any invoices processed in Banner or ProConnect that remain in the system awaiting receiving as of June 30th EOB will be deleted and re-processed as FY 26 expenses after the FYE roll. If in Banner, a new PO will need to be opended in ProConnect for the invoice to be re-processed against.
All receiving must be completed with the date the goods or services were completed. This includes any invocies processed in Banner and in ProConnect. 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.