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CAO:: Chief Administrative Officer at OISE
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Fiscal Year
End Procedures Checklist





 

 

Tick mark indicating task has been completed All invoices for goods/services received are paid and no payments for goods/services not received.
Tick mark indicating task has been completed Prepare year-end accruals for goods/services received but not yet invoiced (>=$5k).  All detail calculations must be correct in backup and must agree with proposed journal entry and submit to Finance no later than April 16th.
Tick mark indicating task has been completed Prepare deferrals for funds received but services not yet rendered and submit to Finance no later than April 16th.
Tick mark indicating task has been completed Review budgeted revenues to ensure the actuals have been recorded.
Tick mark indicating task has been completed For academic departments, prepare and process CRC salary & benefit recovery for the fiscal year.
Tick mark indicating task has been completed Review Academic salary account to verify transfers in/out have been processed and variances explained.
Tick mark indicating task has been completed Submit Accounts Receivable invoices for external customers to 215 Huron St.
Tick mark indicating task has been completed Ensure all bank deposits have been recorded in FIS.
Tick mark indicating task has been completed Post any outstanding parked documents.
Tick mark indicating task has been completed Submit carryforward spending plan for operating accounts to the Finance Office (Forcast #3) by April 7th.
Tick mark indicating task has been completed Review Negative FM balances and make necessary corrections.
Tick mark indicating task has been completed Clear all outstanding balances in inactive accounts.
Tick mark indicating task has been completed Reconcile and replenish petty cash.
Tick mark indicating task has been completed Record all outstanding expense recoveries.
Tick mark indicating task has been completed Settlement of accountable advances due before April 25th.
Tick mark indicating task has been completed Clear old purchase orders.
Tick mark indicating task has been completed For departments/units with budgeted endowment income, ensure endowment income has been credited by Financial Services and verify the amount is correct based on the payout rate and the number of units as shown in the annual budget handout.

 

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