Reminder—April 30, 2020 Fiscal Year-end Closing (PDAD&C #49)

From:  Pierre Piché, Controller and Director of Financial Services
Date: March 10, 2020
Re: Reminder—April 30, 2020 Fiscal Year-end Closing (PDAD&C #49)

As we approach the end of the 2020 fiscal year, it is important to ensure that all financial activity for the year is accurately recorded in your accounts prior to closing the accounts. In order to assist you, please refer to the pages below on the Financial Services website.

The following link provides a detailed explanation of year-end accounting guidelines, reporting requirements (including divisional operating reserves), AMS system availability and available training sessions.  Please note that AMS will close for year-end processing on Tuesday, April 28, 2020 at 7:00 pm:

Fiscal Year-end Closing Procedures

For a detailed listing of submission deadlines and contact information:

http://finance.utoronto.ca/policies/gtfm/financial-management/reporting/fiscal-year-end-closing-procedures/summary-of-year-end-deadlines-and-contact-infomation/

Instructions for special processing after year-end closing (from 7:00 am on April 29, 2020 to 12:00 midnight on April 30, 2020):

https://finance.utoronto.ca/wp-content/uploads/YE-Matrix.pdf

Specific questions may be referred to the following individuals:

Accounting Services  Lou Ranalli      416-978-8185
Restricted Funds Helen Choy 416-978-2981
Training Sessions  Rames Paramsothy 416-978-4675
AMS Availability     Chris Dimitriadis 416-946-3153
Purchase Orders over $25,000        Eric Foremski 416-978-2236
uSOURCE   Phil Larprom 416-946-5514
FIS Vendor Setup and Change Requests Katrina Koo  416-978-1403