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Process purchase requisitions to the appropriate fiscal year. Expenses must be recorded in the fiscal year in which the goods or services are received, regardless of the date of the actual payment or issuance of a purchase order. Provide dates of service on purchase requisitions. Process requisitions for the new fiscal year in Workday using the year-end requisitioning procedures.

The Workday invoice date determines the fiscal year to which the requisition is recorded.

Workday has two options for blanket orders: non-catalog blanket orders and supplier contracts.

Noncatalog Blanket Orders

For non-catalog blanket orders, the important fields are:

• Item Description: Enter a description for the blanket order in the item description field, including Cost Center/Supplier Name/Fiscal Year. Sample text: FY25 Z220 VWR Blanket Order
• Description: Add any applicable account numbers with the supplier in the description field of your blanket order.
• Memo: Reference the previous FY blanket order number. If a previous fiscal year PO is unavailable, indicate so by including "N/A" or "No prior year blanket PO" in this field.
• Start Date/End Date: Fiscal year dates (e.g. 07/01/2024 – 06/30/2025) unless a grant applies, in which case you would use the grant's end date.
• Request Date: Change the request date to 07/01/20XX, the beginning date of the fiscal year that it applies to.

Supplier Contracts

For supplier contracts, the important fields are as follows:

• Contract Name: Enter the Cost Center (Dxxx), Supplier Name and the fiscal year.
  Sample Text: D060 Staples FY25
  Add a unique identifier if multiple blanket orders will be issued to this vendor in your cost center.
• Start Date/End Date: Fiscal year dates (e.g. July 1, 2024-June 30, 2025) - unless a grant applies, in which case, you would use the end date of the grant

Do not enter start/end dates into the goods line. Workday will not allow these fields to have dates in them.

ISDs must be recorded to the appropriate fiscal year. Expenses must be recorded in the fiscal year in which the goods or services are received. Provide dates of service on internal service deliveries.

Requesters: The document date and the delivery date indicate to the service provider the fiscal year in which you expect to receive the goods or services. Both dates should be June dates if you expect delivery of goods or services by June 30. Enter a document date and delivery date of July 1 for new year orders (expected delivery July 1 or later).

Service Providers: For goods/services provided as of June 30, please ensure that a June document date and delivery date are entered when you review. If you are completing an internal service delivery in July for services provided as of June 30, change the document date and delivery date to June 30.

FY24 ISDs are to be reviewed/approved by the service providers by 5 p.m. on June 30. ISDs are to be approved by the Commitment Offices by 5 p.m. on July 5.

For goods or services provided in the new fiscal year (starting July 1), please ensure that a July document date and delivery date are entered.

Process supplier invoice requests to the appropriate fiscal year. Expenses must be recorded in the fiscal year in which the goods or services are received, regardless of the date of the actual payment.

The invoice date entered in Workday determines the fiscal year in which the transaction will post. If you received the goods or services in FY24, the invoice date entered in Workday should be June 30, 2024, or earlier. If you will receive the goods or services in FY25, the invoice date entered in Workday should be July 1, 2024, or later.

• Departments should submit FY24 supplier invoice requests by 5 p.m., Tuesday, July 9.
• For FY24 invoices (i.e. goods/services received 6/30 or before) submitted for payment between June 26 - July 9, 2024, that would have required a retrofit, a supplier invoice request should be entered in Workday by 5 p.m., Tuesday, July 9.

Run the CR FIN Statement of Account, CR FIN Budget vs Actuals by Org, and the CR FIN Report of Transactions to view FY24 and FY25 activity. To obtain accurate fund balance available for Designated, run the CR FIN Fund Balance report for FY24 and FY25 as transactions will post to both fiscal years during July.

Forward FY24 purchase order invoices to accountspayable@slu.edu as soon as possible. Invoices are paid against the year in which the goods are received. Accounts Payable uses the shipped date on the invoice to determine the fiscal year to be charged.

Departments should ensure that all FY24 invoices are received, processed, and through Commitment Office approvals by July 11, 2024. If an FY24 invoice cannot be obtained, contact accountspayable@slu.edu so that the expense may be accrued if applicable.

Split-run coding of invoices processed by the Controller's Office will be from July 1 - July 11, 2024.

Departments must complete all FY24 payment processing by the July 9th cutoff. For supplier invoice requests, the invoice date determines the fiscal year to which the transaction is recorded.

For internal service delivery, the document date determines the fiscal year to which the transaction is recorded.

For Concur expense reports, the report date indicates the fiscal year to which the transaction should be recorded.

CPC-Accounts Payable has the final authority to determine the accuracy of split-run coding for all disbursements and Treasury Services for all receipts.

Concur Expense Reports for FY24 are due to your commitment office by Friday, July 5.

After completing your trip, submit your travel expense report as soon as possible to ensure timely reimbursement and proper accounting of these expenditures.

If a trip crosses fiscal years, the expense should be recorded to the fiscal year in which most of the trip days occurred. If your travel expenses should be recorded in FY24, be sure the report date is June 30 or sooner. For FY25 expenses, the report date is July 1 or later.

Workday blanket orders charged to grant funds will remain open and roll to the new fiscal year for grant fund numbers that are active as of July 1. Blanket orders for general unrestricted (Fund: 11 Operating), Designated (Funds: 21-24) and CADE (Fund: 82) will continue to be valid for one fiscal year only.

Process departmental deposits to the appropriate fiscal year. Revenue must be recorded in the fiscal year during which services are provided, regardless of when the University receives funds.

For example, registration fees received on July 6 for a seminar held on June 21 must be credited to the prior fiscal year.

• Ad hoc bank transactions processed for deposits posted to the bank on or before June 30, 2024, must be submitted and approved by July 5, 2024. 
  • Note: Policy states ad hoc bank transactions must be prepared before the deposit is submitted to the bank, and deposits must be submitted to the bank within 24 hours of receipt. See the Job Aid for detailed instructions.
• Ad hoc bank transactions and journals for cash received in July that pertain to FY24 must be submitted by July 12, 2024. See the Job Aid for detailed instructions.

Note

• Separate ad hoc bank transactions must be processed for each fiscal year. Do not combine deposits pertaining to FY24 with deposits that pertain to FY25.
• Per policy, Ad Hoc Bank Transactions must be prepared before a deposit is submitted to the bank. In addition, deposits must be submitted to the bank within 24 hours of receipt. See Cash Handling Policies and Procedures.
• Gifts are credited to the fiscal year in which they are received. As a reminder, any department receiving a gift on behalf of the University must complete a gift information report immediately upon receipt and submit the gift with the completed form to Development.
• Payments received and to be applied to customer invoices created out of Workday are credited to the fiscal year in which they are received.

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• Attach a copy of the Report of Transactions. Only actual revenue or expenditures may be moved, not encumbrances. Unless pertaining to a grant or a capital project, FY24 transactions may not be corrected in FY25.
• Process necessary labor reallocations.
• Forward a printout of the labor distribution sheets with labor reallocation forms.

Workday POs: Buyers must increase their blanket orders by June 18, 2024, if they anticipate additional expenses over the FY24 blanket order remaining balance. If the blanket PO has an insufficient balance and invoices are received after June 18, the required transaction varies based on the entry date.

New Processing Instructions for This Fiscal Year-End Close

• For FY24 invoices received by June 25, 2024, a retrofit order should be entered for PO suppliers in Workday by 5 p.m., Tuesday, June 25, to allow for approval by June 28.
• For FY24 invoices received on or after June 26, 2024, a supplier invoice request should be entered for non-PO suppliers in Workday no later than 5 p.m. on Tuesday, July 9, to allow for approval by July 11.
• For FY24 invoices (i.e. goods/services received June 30 or before) submitted for payment between June 26 - July 9, 2024, that would have required a retrofit, a supplier invoice request should be entered in Workday by 5 p.m. on Tuesday, July 9.
• Any FY24 invoices to be processed for payment beginning June 26 - July 9 that do not have a PO should be processed using supplier invoice request, regardless of whether the supplier is a PO supplier.
• FY24 retrofit requisitions will no longer be processed beginning June 26.
• FY25 retrofit requisitions can be processed beginning July 1 and ongoing.

Clear deficit balances (Designated Fund 21-24, Clinical Trial Fund 32, Construction Fund 71, Agency Fund 91). Prepare an Accounting Journal to cover the current deficit and anticipated expenditures through June 30.

Review costing-allocation information for the new fiscal year and make necessary changes. Human Resources provides detailed costing-allocation processing information for the new fiscal year.

Close out inactive/expired/small balance designated gift/programs/projects. Prepare an Accounting Journal and indicate in the memo field that the worktag is to be closed.

Note that encumbrances must be liquidated and the ending fund balance equal to zero for the gift/program/project to be closed.

Be aware that certain charges may be deferred to the new fiscal year if the goods will be received or services rendered in the new fiscal year. The deferral threshold amount is $5,000. Payments required in the current fiscal year for goods or services to be received next fiscal year (e.g. retreats and dues/subscriptions) are processed as deferred charges. The payment is issued to the vendor before June 30, but the transaction is expensed in the new fiscal year.

Recurring journals can only be processed once per month. Year-end adjustments or rounding corrections should be included in the June submission. Subsequent changes will have to be submitted on a transaction correction. Please note that recurring journals expire at the end of the fiscal year. They must be reestablished for FY25.

All FY24 P-card charges should be verified by the cardholder and approved by all approvers in Workday by July 5.

For P-card transactions in Workday with a transaction date of June 30, 2024, or before and you are verifying/approving the transaction in Workday on or after July 1, 2024:

• Cardholders should edit the document date field on the information tab of the verification in Workday to be June 30, 2024.
• Cost center approvers and/or grant managers should review and confirm that the document date field on the information tab of the verification is June 30, 2024, and if it is not June 30, 2024, send the verification back to the cardholder to change the document date to be June 30, 2024, and resubmit.

Payments received and to be applied to customer invoices created in Workday are credited to the fiscal year in which they are received. 

All invoices for June 2024 must be submitted and approved by July 12.