- Accounting Timeline
- AP Processing Update & Paying Bills Now
- Fiscal Year-End
- Bought Equipment? Add it to your Inventory List
- National Allocation Budget at Year End
- SCORE "Contract" Policy
- Outgoing and Incoming Chapter Treasurers
- Chapter FY21 Budgets
- Weekly Webinar Schedule
FY20 Fiscal Year-End is September 30, 2020
There will be no Form 3s, thanks to Centralization!
AP Cutoff: All bills and Form 14s that are received by HQ by October 9 will be entered and if allowable will be taken from Restricted Funds in FY20 if applicable. Please follow up with all your chapter’s volunteers to get Form 14s in as soon as possible before year-end.
Accruals: We realize that not all FY20 bills will be in before the October 9. We will process The Panther Group bills for September in FY20 that usually come in mid-October. For any other bills over $250, chapters may request them to be accrued after October 9th by noting in the submitting email or on the bill itself the general ledger account 25000 Accrued expenses. If we are able to honor the request, we will accrue it back to FY20. For all other bills associated with FY20 that do not make the deadlines, the bills will be charged against chapter unrestricted funds in FY21 and coded to 59900 Misc exp as an unallowable expense.
Has your chapter or any branches received $1,000 or more in donated product, services, or office/meeting space? We need to book that if we haven’t already done so. Please check your Intacct Dashboard to see if we are booking the SBA/GSA office space correctly. Is your chapter still in a government space? Are we booking a value for that space? Please contact Erin Schultz to report any In-kind contributions to your chapter October 1, 2019 through September 30, 2020, or if you have questions.
September 22: Transitioning Chapter Treasurers
September 29: The Chapter Treasurer Role (for Incoming and Continuing Treasurers)
October 6: Welcome Incoming Treasurers - Tour of Sage Intacct Accounting System
Thank you for all you do for SCORE and stay safe.
VP of Finance