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The May 12th issue of FAD e-News has a published year-end closing schedule for Harvard's fiscal year 2001. Harvard Medical School will abide by the University's schedule in all respects except in the number of closes: HMS departments will be allowed to make entries in the first and second closes ONLY; There will be NO entries permitted by HMS departments during the third close. Last year we tried to accommodate departments by allowing entries during the third close, however, this resulted in some problems so we have moved back to a compressed schedule. The benefit of freeing the third close will allow the HMS central finance office to ensure that they have the final numbers from departments and make any necessary additional accounting entries. We appreciate your cooperation with this tight schedule. Since this is the busiest time of year we encourage all departments to review and submit as many transactions as early in June as possible. This will allow departments sufficient time to review reports and have all changes made by the second close. We appreciate your cooperation with this tight schedule and urge you to start early! The HMS Year-End Closing schedule is posted on the HMS ADAPT website at http://www.hms.harvard.edu/it/adapt. If you have
any questions regarding the fiscal year closing, please contact
your Finance Office Representative.
If you have accounting questions, please contact Sharon
Reine at 432-4401 or Mike Harty at 432-3289. |
