Announcement: End of Year 2024 Payment Processing Deadlines


Announcement: End of Year 2024 Payment Processing Deadlines

 

The Accounting and Financial Management Office will be closed during the holidays from Monday, December 23, 2024, through Wednesday, January 1, 2025. Normal business hours will resume on Thursday, January 2, 2025; therefore, no payments will be issued or distributed during this time. The last checks processed in 2024 using local funds will be processed at noon on Friday, December 20, 2024

The following are the voucher deadlines for getting payments issued and disbursed by December 20, 2024:
 
UT Market Orders
All departmental receipts should be entered in FRMS by Thursday, December 19, 2024, to be transmitted in time for VPUs to be created for Friday, December 20, 2024, which will be the last time VPUs auto-create in 2024. The next time VPUs will auto-create is Thursday, January 2, 2025

Post-Audit Documents
Local Accounts and State Accounts: All post-audit payment document types needing a payment issued by Friday, December 20, 2024, should be final approved within the department with a requested payment date of no later than Friday, December 20, 2024, before noon (determined by the clock in *DEFINE) on Friday, December 20, 2024. If a post-audit document is final approved at or after noon on Friday, December 20, 2024, or without a requested payment date entered, payment will be issued on or after Thursday, January 2, 2025.
 
Pre-Audit Documents
Local and State Accounts: All supporting documentation for pre-audit payment type documents needing a payment issued by Friday, December 20, 2024, should be in the Office of Accounting, located in MAI Room 4, or be uploaded to Imaging & Documentation Services (no faxes or emailed PDF copies) by 5 p.m. on Friday, December 13, 2024. If supporting documentation is not received by that time, then the pre-audit payment-type documents may not be final approved, and/or payment may not be issued Friday, December 20, 2024.
 
Procard
All VP7 payment documentation to pay Citibank must be final approved within the department by 5 p.m. on Monday, December 16, 2024.
 
eShip Global
All VP9 payment documents to pay eShip Global for the cycle dates of December 1 through 15 of 2022 must be final approved within the department by 5 p.m. on Tuesday, December 17, 2024.
 
Scholarship and Prize/Award SS1 Documents
 
 
All SS1 documents that are not approved and in Ready to Pay status and/or are held (by OSFA, registration, etc) by 5 p.m. on Friday, December 13, 2024, will not be paid in 2024.    

Distribution of Checks Marked for Pick-Up
 
Checks are distributed in MAI 4. Any check not picked up by 3 p.m. on Thursday, December 19, 2024, will be unavailable until normal business hours resume on Thursday, January 2, 2025.
 
Outgoing Bank Wire
 
The last day outgoing bank wire payment vouchers (State of Texas manual voucher) will be sent by the Accounting and Financial Management Office is Friday, December 20, 2024. In order to meet this deadline, all outgoing bank wire payment vouchers must be in Cash Management by uploading to https://utexas.app.box.com/folder/43137033585?v=OutgoingWires by 5 p.m. on Friday, December 13, 2024, along with original supporting documentation (no faxes or emailed PDF copies). If supporting documentation arrives after December 13, 2024, there could be delays and wires may not be processed until January 2025.