DFA is pleased to announce that the monthly long-term investment pool (LTIP) data from FY 2012 through FY 2018 through December 2017 has been loaded to the Organization Financial Activity dashboard in OBIEE.
Accruals are adjustments for revenue that has been earned but is not yet posted to the general ledger accounts, and expenses that have been incurred but are not yet posted to the general ledger accounts. Year-end accruals are adjusting entries to make sure revenue and expenses are recorded in the correct fiscal year.
If a bank deposit is made before July 1, but the advance deposit (AD) was not completed prior to July 1:
The department should not process an AD for a prior fiscal year if the AD was not processed prior to July 1. Accounting needs to process the entry.
Accounting will (1) contact the department to obtain complete account information (account and object code), and (2) prepare a Year End Distribution of Income and Expense (YEDI) e-doc to record the debit to cash and the credit to your departmental accounts.