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2.5. Monthly Accounting Closing Policy

General Information


Accounting Services closes each monthly accounting cycle at the end of the second work day of the following month. All documents submitted by departments must be received by the end of the first work day of the new month. These documents include interaccount bills (IBs) (whether submitted on paper, via the web or directly into BANNER) and daily remittances.

Interaccount bills and remittances should be submitted more frequently (daily, weekly, bi-weekly).

History
Adopted: 11/13/2001
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