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DATE July 1, 2011
Module Finance
Subject Hot Topic! Concurrent Processing
Today is the first day of concurrent processing. The General Ledger is currently open from 6/1/2011 through 7/31/2011. In order to affect the proper fiscal year and budget period, you need to pay special attention to the dates used on source transactions.

Vouchers
In order to affect fiscal year 2011, vouchers entered during the concurrent processing period must have an accounting date of 6/30/2011 or prior. Please refer to the Voucher Year End Processing presentation from the May 19, 2011 ASTRA meeting for information on how to update the voucher budget date(s). http://www.da.ks.gov/ar/forum/astra/mtg2011-05-VoucherYearEndProcessing.ppt

Deposits
In order to affect fiscal year 2011, deposits entered during the concurrent processing period must have an accounting date of 6/30/2011 or prior.

GL Journals
In order to affect fiscal year 2011, journals must have a journal date of 6/30/2011 or prior.

Interfunds
The accounting dates on both the voucher and deposit must fall within the same fiscal year.

Regards,
The SMART Team

 

 

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