2001–2002
Year-End Closing
June, 2002
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Accounts Receivable
The accounts receivable system portion of the FIS does not allow invoices or credit memos to be posted to a previous fiscal year. All invoices and credit memos that need to be posted to fiscal year 2002 must be created and approved prior to July 1.
If you do not get the invoices and credit memos created in June, you will need to accrue the receivables. For assistance, please contact Kyle Martindale in FMS Auxiliary Accounting at (812) 855-4741 or kymartin@indiana.edu.
Write-Off of Receivables
Starting with fiscal year 2000, write-off of receivables is now supervised by Financial Management Services. In addition to the change of responsibility, the process and timing have also changed. The write-off of receivables will be collected and summarized for the Board of Trustees in the first quarter of the next fiscal year. If you are unclear as how to write-off a receivable, please contact Kyle Martindale at (812) 856-4741 or by email at kymartin@indiana.edu.