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Expense Reimbursement Post Year-End
Posted: Mon Dec 30, 2013 9:43 am
by tomjensen581
If reimbursement requests are submitted following year-end, but the reimbursement should come out of the FY13 budget, when is the last possible day to get a check reimbursement through the system and still have the funds applied from the FY13 budget? Is 12/31/13 the cutoff date or is there a grace period for closing the books?
Tom Jensen
Re: Expense Reimbursement Post Year-End
Posted: Mon Dec 30, 2013 10:37 am
by aebrown
tomjensen581 wrote:...when is the last possible day to get a check reimbursement through the system and still have the funds applied from the FY13 budget? Is 12/31/13 the cutoff date or is there a grace period for closing the books?
No, there's no grace period. If an expense is posted in 2013, it applies to 2013; if it is posted in 2014, it applies to 2014.