Year End Processing Deadlines
The deadlines for year end processing can be found on the Year End Processing Deadlines webpage.
Payment of Expenses
Expenses are paid weekly and, documents must be received by Finance no later than 12.00 on Wednesdays for payment that week. Occasionally there may be additional checks required for individual budgets or travel advance payments and this may hold the payment until the following week.
Expenses are normally paid by BACS directly to bank accounts used for salary payments. A separate bank account may be provided for expenses, if that is more convenient.
Payment of Invoices
Properly authorised invoices are automatically released for payment in the next payment run following the invoice due date. This is normally 30 days from date of invoice.
If required, a ‘Special Payment’ can be requested. Special Payment invoices are paid in the next available weekly payment run (every Thursday). Invoices should be passed to the Accounts Payable section of Finance promptly to avoid interest charges under the Late Payments of Commercial Debt Act.
Finance makes payments weekly by BACS or cheque on a Thursday. If paid by BACS (bank transfer) this will credit to the bank account on the Monday following, except for Bank holidays when it will credit one day later.
Salary payments are generally made on the second last working day of the month.
Planned payroll dates for the 2016/17 tax year are as follows:
|Payment Date||Date Online Payslips available on PEGASUS|
|Thursday 28th April 2016||Tuesday 26th April 2016|
|Friday 27th May 2016||Wednesday 25th May 2016|
|Wednesday 29th June 2016||Monday 27th June 2016|
|Thursday 28th July 2016||Tuesday 26th July 2016|
|Tuesday 30th August 2016||Friday 26th August 2016|
|Thursday 29th September 2016||Tuesday 27th September 2016|
|Friday 28th October 2016||Wednesday 26th October 2016|
|Tuesday 29th November 2016||Friday 25th November 2016|
|Wednesday 21st December 2016||Monday 19th December 2016|
|Monday 30th January 2017||Thursday 26th January 2017|
|Monday 27th February 2017||Thursday 23rd February 2017|
|Thursday 30th March 2017||Tuesday 28th March 2017|
The University Calendar - including Key Dates and Public Holidays - can be found on the Key Dates 2016-17 webpage.