Finance DirectorateYear end processing deadlines

The University’s Financial Year ends on 31 July 2026. If you initiate or approve financial transactions, please be aware of the processing deadlines: it may be important for your Department’s budgetary position and the University’s year end financial position that certain transactions are fully processed and approved on FMS in the current financial year.

Goods receipting and invoice approval are, in particular, key FMS tasks to undertake promptly in the run up to the year end. Please ensure that substitutes are activated if you will be unavailable (for example, due to annual leave) to ensure tasks are progressed. Please also be aware that, in order to support necessary system updates at the year end itself, FMS will be unavailable from 5pm on Friday 31 July 2026, becoming available again by 9 am on Monday 3 August 2026.

 

Key System Dates 

  • FMS closes (old year): 31 July 2026, 5:00pm 
  • FMS reopens (new year): 3 August 2026, 9:00am 

 

Key Deadlines

Date
Action Required

15 July  

Submit Requests for Payment 

16 July 

Manual expenses & petty cash 

22 July 

Journals & virements 

23 July 

New customers & expenses input 

24 July 

Internal recharges & research invoicing 

24 July 

Invoice & RFP approvals 

30 July 

Final expenses approval 

31 July

GRNs, purchase cards, final approvals

 

Year-End Checklist

  • Set up workflow substitutes 
  • Clear outstanding tasks 
  • Reconcile purchase cards 
  • Close unused sub-projects 
  • Review commitments 
  • Ensure approvals complete by deadlines above