Deadline for 2019 AP & Fast Track Final entries to be posted to individual OUs

Last day Accounts Payable will record AP and Fast Track invoices related to goods and services received in 2019 to individual campus operating units as December transactions. To help identify these transactions and assist in making any last minute journal entries before the December Second Close, Financial Services will provide a BOb report users can run to determine if any charges have been recorded to their operating units since the December First Close. After this date, Financial Services will prepare and post an accrued liability journal entry (both PO and Fast Track related) to record all other goods or services received in 2019 but not invoiced or paid until 2020 to a high level operating unit that will not affect individual campus operating units. Campus units should not create their own December journal entries to accrue liabilities at year-end. However you may want to track anticipated expenditures and compare your list to the journal entries created by Accounts Payable. Any significant differences should be communicated to Ben Wake, ben_wake@byu.edu, C-249 ASB, ext. 2-9766. Other significant unaccrued liabilities that come to your attention after the second close through the end of the audit (March 15th) should also be communicated to Ben. If it is necessary for these expenditures/liabilities to be recorded in your Operating Units please coordinate with Ben.