| Module closes at 5pm on Thursday 7 August |
|
Essential tasks |
Final date for completion |
|---|---|
|
Physical stock take (all institutions with stores) |
Thu 31 Jul |
|
Update Inventory balances with the results of stock take |
Thu 7 Aug |
|
Process all receipts and issues of stock up to 31 July |
Thu 7 Aug |
| Finance Division activities - for information | Key dates |
|---|---|
| Daily transfer from CUFS Inventory Module to General Ledger and Grants | Fri 1 Aug to Thu 7 Aug |
| Provide institutions with inventory reconciliation | Thu 8 Aug |
Physical stock takes
All institutions with stores are required to complete a physical stock count as at 31 July (regardless of whether they are using the Inventory modules in CUFS)
|
It is essential that all receipting into stores and issues from stores are up to date of year end so an accurate stock take can be completed on the last day of the financial year |
Inventory module users only
- Enter results of stock count on the Inventory module - reviewing any material variances
- Ensure all receipts and issues of stock up to 31 July are processed. This includes issues to or returns from research grants
- Review and resolve any pending transactions
- Inform the Inventory helpdesk of any miscellaneous processing that is required
Central and Research Accounting (CRA) actions
Central and Research Accounting will:
- carry out transfers to the General Ledger and Grants
- process miscellaneous transactions on request
- reconcile the Inventory and General Ledger valuations and provide institutions with the reconciliation documents
|
In case of queries contact the Inventory helpdesk or tel. 66780 |