FYE 2025 Daily Emails

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Date	Reminders
June 5	To our campus partners: This is the first fiscal year-end email update to remind everyone of the tasks to be completed in preparation for the fiscal year-end close. These daily updates will contain instructions, information, due dates and deadlines to help get us through the large and complex undertaking that is fiscal year-end. These emails are intended to provide timely information and effective coordination to help us work together for a successful close. As always, thank you for your valuable assistance during this annual event. Reminder June 2 was the beginning of the FOPP/ST inactivation moratorium. You can continue to send in requests for inactivations and they will be added to the queue and addressed when the moratorium ends on August 6. Looking Ahead Tomorrow, June 6, the General Fund continuing budget plans in Anaplan are due. Tuesday, June 10 is the deadline for departments to submit new account code requests for FY25. Please send requests to accounting@colorado.edu. As you review your May statements to identify and correct problems, verify balances and make any necessary adjustments, here are a few things to keep in mind: Check your balance sheet reports and make any corrections for abnormal balances, company card personal charges and/or travel advances. Make sure assets have a debit (positive) balance (except allowance for doubtful accounts) and liabilities have a credit (negative) balance. For your balance sheet items, be sure your customer detail reconciles to the amounts in the PeopleSoft Finance System. For accounts receivable, prepare to calculate and adjust your allowance for doubtful accounts, if appropriate. For resale inventory, make plans to conduct your actual count of year-end inventory on hand, cost it out, and create an adjustment in PeopleSoft, if needed. If you have transactions that do not belong in a particular SpeedType, please correct them. If you have any uncleared balances such as payroll suspense, company card personal charges or company card unallowable expenses, process the correction to the appropriate SpeedType/account code. The 2025 Fiscal Year-End webpage is the primary source for up-to-date information, valuable resources and an archive of the daily emails. The page also includes CU Boulder’s fiscal year-end calendar which provides specific action items, responsibilities and deadlines. Please note that the most current information available will be posted to the website, with the daily emails serving to highlight any significant updates. We look forward to working with you throughout the process. Please contact your campus accountant if you have questions or would like assistance.

Date

Reminders

June 5

To our campus partners:

This is the first fiscal year-end email update to remind everyone of the tasks to be completed in preparation for the fiscal year-end close. These daily updates will contain instructions, information, due dates and deadlines to help get us through the large and complex undertaking that is fiscal year-end. These emails are intended to provide timely information and effective coordination to help us work together for a successful close. As always, thank you for your valuable assistance during this annual event.

Reminder

June 2 was the beginning of the FOPP/ST inactivation moratorium. You can continue to send in requests for inactivations and they will be added to the queue and addressed when the moratorium ends on August 6.

Looking Ahead

Tomorrow, June 6, the General Fund continuing budget plans in Anaplan are due.

Tuesday, June 10 is the deadline for departments to submit new account code requests for FY25. Please send requests to accounting@colorado.edu.

As you review your May statements to identify and correct problems, verify balances and make any necessary adjustments, here are a few things to keep in mind:

Check your balance sheet reports and make any corrections for abnormal balances, company card personal charges and/or travel advances.
Make sure assets have a debit (positive) balance (except allowance for doubtful accounts) and liabilities have a credit (negative) balance.
For your balance sheet items, be sure your customer detail reconciles to the amounts in the PeopleSoft Finance System.
For accounts receivable, prepare to calculate and adjust your allowance for doubtful accounts, if appropriate.
For resale inventory, make plans to conduct your actual count of year-end inventory on hand, cost it out, and create an adjustment in PeopleSoft, if needed.
If you have transactions that do not belong in a particular SpeedType, please correct them.
If you have any uncleared balances such as payroll suspense, company card personal charges or company card unallowable expenses, process the correction to the appropriate SpeedType/account code.

The 2025 Fiscal Year-End webpage is the primary source for up-to-date information, valuable resources and an archive of the daily emails. The page also includes CU Boulder’s fiscal year-end calendar which provides specific action items, responsibilities and deadlines. Please note that the most current information available will be posted to the website, with the daily emails serving to highlight any significant updates.

We look forward to working with you throughout the process. Please contact your campus accountant if you have questions or would like assistance.

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FYE 2025 Daily Emails

June 5