- Controller’s Office
- Calendars and Important Dates
Calendars and Important Dates
Fiscal Year 2021 Due Dates for Accounting Transactions
We are preparing to wrap up another fiscal year here at NIU and it is important that we finalize the university’s FY21 financial statements in a timely manner. Please ensure that all FY21 transactions for your department are properly classified and submitted to the Accounting Office by the deadlines listed below:
|Year-end cutoff for posting all journal activity occurring prior to June from all fund sources due to General Ledger at JournalEntries@niu.edu.||June 11, 2021|
|All FY21 approved invoices, check requests, and travel reimbursement requests due to Accounts Payable Services at AccountsPayableSrvs@niu.edu or Lowden Hall 208.||July 14, 2021|
|Year-end cutoff for posting all journal activity occurring in June from all fund sources due to General Ledger at JournalEntries@niu.edu.||July 14, 2021|
|All FY2021 cash and/or checks received must be deposited at the Bursar’s Office in Swen 235, and must be made in accordance with Bursar’s Office policy||June 30, 2021|
Please review all transactions and balances in applicable cost centers, paying particular attention to the appropriate cut-off for transactions occurring during the months of June and July. Note that all goods and services received prior to June 30, 2021, must be recorded as an expenditure or accrued as a liability in the current fiscal year. Goods and services received after June 30, 2021, must be recorded as an expenditure in Fiscal Year 2022. University sales and services performed prior to June 30, 2021, must be recorded as revenue in the current fiscal year. University sales or services to be performed after June 30, 2021, must be recorded as revenue in Fiscal Year 2022. If you have any questions concerning how transactions should be recorded, please contact an Accounting Office representative.
We appreciate your full cooperation as we work to ensure a successful close-out of FY21. Should you have any questions about the year-end process, please email the Controller’s Office at ControllerOffice@niu.edu for assistance.