The cut-off date for old year asset updates, creations and dispositions, and any necessary asset year-end accruals is June 30th. Supporting documentation should be received by Property & Equipment Accounting at Campus Box 1147 by 3:00 p.m. on June 30th for timely approval of any outstanding asset creations.
Beginning July 1st, only new year documents are allowed and may only affect assets purchased in the new year. The Asset System will be closed to all activity beginning on July 7th to run year end processes and will reopen the morning of July 13th.
Note: During the two-year environment, the setup fiscal year of the assets must match the fiscal year of the document.