Accounts Payable Announcements

Quantum Financials Year-End Deadlines

As we head to the end of Fiscal Year 2020 (FY20), your cooperation is requested to ensure that transactions are properly recorded in the correct accounting period. As you know, this is our first year closing with a new financial system as well as operating in a challenging teleworking environment so adherence to prescribed procedures is very important. Our ability to make exceptions for deadlines may be limited. A brief description of the critical deadlines to assist you with your department’s year end closing process follows. Please circulate this memo to all personnel involved in the fiscal and business operations of your department. Note: all dates are in 2020.

Requisitions for FY20 Expenditures

Procurement requisitions where the expenditure must be recorded in FY20 totaling less than $200,000 must be received in Strategic Sourcing and Acquisition Services (SSAS) by Friday, May 15th. Requisitions totaling more than $200,000 must be received in SSAS by Friday, April 24th. Please insure that any back-up documentation necessary is included as requisitions will be held until documentation is received. Adherence to these deadlines will help us to insure that a purchase order is generated by June 30th. Requisitions submitted after May 15th will need to be processed as a FY21 requisition following the procedures below for ‘Requisitions for FY21 Expenditures’.

Procurements involving complicated proposal submissions from vendors, contracts, lengthy evaluations, or those requiring outside agency approval have a long lead-time. Requisitions of this type should be submitted IMMEDIATELY. It is recommended that you consult with SSAS as soon as your needs are identified. 

Requisitions for FY21 Expenditures

The July 2020 period will be opened in Quantum so you can begin creating requisitions for FY21. PLEASE NOTE: On the requisition in the Note to Buyer section, indicate that this is a FY21 requirement. For non-project requisitions, the budget date and requested delivery date must be 7/1/2020. For project requisitions, the expenditure item date, budget date and requested delivery date must be 7/1/2020. The expenditure item and budget date fields default to the current date in Quantum so they must be manually changed. The requested delivery date field defaults 30 days from requisition creation date in Quantum, so it must be manually changed. 

FY20 to FY21 Purchase Order (PO) Rollover

With Quantum, there is no PO rollover function like there was with eUMB so there is no block out period. The encumbrance balances for POs will appear until the PO is fully invoiced or the PO is closed. 

FY20 Accounts Payable

For expenses to appear in FY20, the following deadlines must be adhered to by invoice type and payment method:

NONPO Supplier Registrations- new suppliers that are needed for FY20 invoices must be submitted with complete and accurate information by Tuesday, June 2nd.

NONPO invoices with “State Payment” payment method- the invoice must be initiated and approved by the department and supporting documentation must be emailed to rs-bf-nonpo@umaryland.edu via Accellion by Tuesday, June 16th.

NONPO invoices with “General Working Fund” payment method- the invoice must be initiated and approved by the department and supporting documentation emailed to rs-bf-nonpo@umaryland.edu via Accellion by Tuesday, June 16th.

PO invoices- items must be received in Quantum and invoices must be emailed to AP_FINSVC@umaryland.edu by Friday, June 12th.

PO or NONPO invoices with “STO WIRE” payment method- the wire requests and documentation should be sent to the appropriate email inbox (NONPO or PO) by Friday, June 12th.  The subject of the email should be “WIRE REQUEST”.

NONPO invoices created before June 1st but not approved by the department by June 16th will be cancelled/deleted by Financial Services. NONPO invoices created after May 31st that are not submitted and department approved by the deadline will be swept to July.

For State and Auxiliary account combos where the invoice is submitted and/or received after the deadline but the services or materials were delivered in FY20, an accrual journal entry (source MDB) will be created by Financial Services in Quantum Financials charging an expense in FY20. The amount will be posted (and viewable in Quantum Analytics) by Friday, July 10th. The accrual will be reversed in July when the actual invoices will be processed. 

FY20 Travel Expenses

For travel expenses to appear in FY20, the following deadlines must be adhered to by traveler type:

Employee travel expense eforms- must have supervisor and fiscal approvals by Tuesday, June 2nd so that they can be loaded in the last payroll of FY20 (PP#20-26).

Non-employee travel expense eforms- must have fiscal approvals by Friday, June 5th so they can be processed in Quantum Payables. 

FY20 VISA Procurement Card (PCard) Expenses

The expenses for the PCard transactions appearing on the June 25th billing statements (and all prior billing periods) must be submitted and approved on expense reports by Tuesday, June 30th. The accrual for all Pcard transactions that have been loaded to Quantum Expenses but not submitted and approved on an expense report will be as of June 30th and will be posted to the cardholder’s default account combo. This is different than eUMB. If you need to reflect Pcard expenses in FY20 in projects or account combos other than the default account combo, you must submit expense reports in June and not wait until July.

If you want to view your Pcard statement between June 26th and June 30th, you can access your statement through your US Bank Online Access account. An email was sent by Regina Spencer on Friday, March 27th to cardholders and reviewers with specific instructions on how to access your Pcard account on-line. 

FY20 Debit Memos (DMs)

The last day for DMs to be submitted in Quantum for approval is Thursday, June 25th. DMs created before June 1st but not approved by the department by June 25th will be cancelled/deleted by Financial Services. DMs created after May 31st that are not submitted and department approved by the June 25th will be swept to July.

Between Friday, June 26th and Thursday, July 9th a journal entry (JE) for June may be requested for transfers between non-project account combos only.  This accrual option is not available for projects. First, create a DM for the transfer in July, then request an accrual JE via email to Sheri Myers (smyers@umaryland.edu) to record the DM transfer in June.  Include the DM invoice number in the email request. The accrual JE will be reversed in July.

In Quantum, payroll cost share funding is no longer done via allocation. It is done when the payroll is processed based on the project set up mapping. Therefore, redistributions should no longer be needed. Please take immediate action to ensure that the mapping for the funding of your cost share is correct. 

FY20 RSTARS Transfers

Requests for RSTARS transfers that are charged to a Project must be made by Monday, June 29th.

RSTARS transfers that are charged to a GL account Combo must be made by Thursday, July 9th

FY20 Payroll

A separate memo will be distributed by FS-Payroll with the details regarding the year end payroll processes. Please note, pay period #21-01 which includes earnings from FY20 will be viewable in Quantum Analytics on Friday, July 10th. 

FY20 Deposits

In order for cash receipts to be posted against revenue or receivables for FY20, the deposit must be submitted to the Cashier’s office (HS/HSL building) by 1pm on Tuesday, June 30th.

If we are still in the teleworking phase at the end of June, you can request bank deposit slips to be mailed to your home or office where you can drive to a Bank of America branch to make the deposit. Please email studentaccountmgmt@umaryland.edu by Monday, June 15th to request deposit slips. All deposits and supporting documentation must be emailed by 1pm on Tuesday, June 30th to studentaccountmgmt@umaryland.edu so the deposit can be recorded in Touchnet and interfaced to Quantum in FY20. 

Fiscal Year Close

The general ledger will be closed for FY20 on Wednesday, July 29th. Final closing balances can be viewed in Quantum Analytics as of Thursday, July 30th

If you have questions concerning these submission dates, please feel free to contact the appropriate person listed below:

Transaction category

Contact name

Contact extension

Alternate Help

Deposits

Lisa Johnson

6-1334

studentaccountmgmt@umaryland.edu

Disbursements-

Accounts Payable

Lynell Pendleton

6-2931

AP_FinSvc@umaryland.edu

Disbursements-

Travel

India Taylor

(after 4/27)

6-6527

travelhelp@umaryland.edu

Disbursements-

Working Fund

Kenyatta Woolridge

6-2155

AP_FinSvc@umaryland.edu

Disbursements-

International Wires

Kenyatta Woolridge

6-2155

AP_FinSvc@umaryland.edu

Debit Memos

Bryan Mack

6-2910

bmack@umaryland.edu

Journal Entry Requests

Sheri Myers

6-6025

generalaccounting@umaryland.edu 

Payroll

Candace Chow

6-1243

DL-BFPayrollHelp@umaryland.edu

Procurement Card

Expense Reports

Help Desk

6-4357

help@umaryland.edu

Procurement Requisitions and POs

Joe Evans

6-8501

jevans@umaryland.edu

RSTARS Transfers

Sheri Myers

6-6025

generalaccounting@umaryland.edu   

 

Summary Schedule of FY20 Year-End Deadlines

FY20 Transaction Description

Deadline Dates in 2020

(by 5PM unless otherwise noted)

Requisitions involving complicated proposal submissions and/or requiring outside agency approvals, etc. submitted and approved
in Quantum Financials

Immediately

Requisitions totaling more than $200,000 submitted and approved
in Quantum Financials

Friday, April 24th

Requisitions totaling less than $200,000 submitted and approved
in Quantum Financials

Friday, May 15th

Approved employee travel expense eforms for inclusion in the last payroll of FY 2020

Tuesday, June 2nd

NONPO Supplier Registrations

Tuesday, June 2nd

Approved non-employee travel expense eforms and supporting documentation submitted to FS-Travel

Friday, June 5th

PO invoices- State Payment method submitted and received

Friday, June 12th

PO and NONPO invoices- STO Wire payment method
(international wire requests)

Friday, June 12th

NONPO invoices- State Payment or General Working Fund payment methods with supporting documentation submitted and approved

Tuesday, June 16th

June 2020 Debit Memos

Thursday, June 25th

June RSTARS Transfers charged to a project

Monday, June 29th

Deposits submitted to Cashier for inclusion as a receipt in FY20

Tuesday, June 30th by

1:00PM

Approved June 25, 2020 Pcard billing cycle expense reports

Tuesday, June 30th

June RSTARS transfers requests charged to GL Account Combo

Thursday, July 9th

June 2020 Journal Entry requests for GL Account Combos

Thursday, July 9th

Cost share reallocation corrections via debit memo

Thursday, July 9th

General Ledger closing process

Wednesday, July 29th

 

Quantum Financials Year-End Deadlines