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Finance will be closed for business from 5pm, Friday 23rd December 2022 and reopen in the new year on Tuesday 3rd January 2023. 

During the close-down period, there will be no processing of financial transactions including requisitions, reimbursements, payments to suppliers or billings to customers.

Please note the following key processing dates leading up to the financial year end, and instructions for reassigning financial approvals / worklist items whilst on leave (outside the close-down period).

Financial systems

During the close-down period the following financial systems will be impacted:

• Finance System (inc. eProcurement) will be unavailable from 5pm Friday 23rd December 2022 until 8am Tuesday 3rd January 2023
• Cognos will be unavailable from 5pm Friday 23rd December 2022 until Tuesday 3rd January 2023
• ORBIT can still be accessed but will only reflect data up to and including Friday 23rd December 2022
• Kofax and the Fraedom can still be accessed but resulting financial transactions in the Finance system will not be processed until the new year.

Key processing dates

Billings requests

2022 Billing requests must be submitted to Revenue Accounting by 5pm, Monday 12th December 2022 for processing.  Where a Billing request relates to both 2022 and 2023, please clearly identify the split of income on the Billing request.  Processing of Billing requests relating to 2023 income will commence on Friday 6th January 2023.

Journals

The ��������Vlog 2022 General Ledger close is 5pm, Tuesday 10th January 2023.  Please contact finmar@adelaide.edu.au should you require a journal in 2022 after this date.

Purchasing and receipting

Consideration should be given to the timing of raising requisitions and the expectation of delivery prior to the close-down period.  Delivery of goods are dependent on individual suppliers, freight and courier services.

The last day for submission of 2022 requisitions for purchase order creation to order international goods is Friday 9th December. The last day for submission of 2022 requisitions for purchase order creation to order domestic goods is Wednesday 14th December.

The last day for external deliveries to the Badger Building (North Terrace) and WIC Building (Waite Campus) is Wednesday 21st December 2022.  Staff expecting a delivery in other parts of the ��������Vlog should check directly with the relevant receiving area.

All goods delivered must be receipted in eProcurement by 4pm Friday 23rd December 2022 or prior to going on leave.

2022 invoices

2022 dated invoices processed by Accounts Payable by close of business Monday 9th January 2023, for goods or services incurred in 2022, will be accrued i.e. come out of the 2022 budget.

What is an accrual?

For 2022 calendar year end, an accrual is where expenses are recorded in 2022 (i.e. comes out of 2022 budget) regardless if the payment is made in 2023.

What is accrued?

Accruals are based on invoices sent to Accounts Payable, reimbursements and other payments submitted via Kofax.  In addition, 2022 purchase orders receipted, without an invoice, for goods or services incurred in 2022, will be ���������ܱ��.����A final faculty/division accrual assessment will also occur to enable an accrual of material expenditure not identified through the above systems.

If you are unsure if your invoice will be accrued in 2022, please contact finmar@adelaide.edu.au.

Invoices for 2022 Capital Asset purchases

In relation to capital assets, to ensure the costs are recorded against the capital expenditure budget for 2022, both of the following conditions must exist:

• receipting of all instalment payments against Purchase Orders in the eProcurement system – noting the receipting deadline is Friday 23rd December
• the capital asset(s) must be installed and ready for use (or already in use) – noting delivery schedules may be impacted due to specific circumstances including delays in freight times.

If you are unsure if your invoice will be accrued in 2022, please contact finmar@adelaide.edu.au.

Approvals whilst on leave

Financial Approvers and Business Reviewers, taking additional leave outside of the close-down period (i.e. in addition to the close-down period of Monday 26th December to Monday 2nd January inclusive) must reassign their approvals / worklist items to another staff member – please ensure this staff member is not taking leave at the same time.

To do this, please follow the instructions below:

Financial Approvers (both options will update in the Finance System and Kofax)

1. temporarily transfer your financial approvals to another staff member by completing the  (you can also transfer HR / SSO delegations via this form)  OR;
2. set up an Alternate User directly in the Finance System, noting that the “alternate user” must have an equal���ǰ���higher level of financial delegation.

Business Reviewers in Kofax

• to reassign your work queue items to another staff member – view procedure here

Travel & Acquittal Approvers in the Expense Management System

• to initiate a temporary transfer of approvals, please email the Expense Management Team specifying your requirements.

Have further questions?

Please contact Finance on (08) 8313 3414 or via email finprosupport@adelaide.edu.au