As we gear up for Christmas, please read on for details of finance deadlines for the University, and what payments can and cannot be guaranteed to be processed in time for Christmas. You'll also find information relating to sales invoices for the holiday period. Image UK payments Payment run date Payment timescale BACS payments expected to credit customer accounts Will include Tuesday 15th December 2020 Expected payment before office closure on Friday 18th December 2020 By Friday 18th December 2020 · FPM & eExpenses (approved by 5pm Monday 14th December 2020) · Manual documents processed by Accounts Payable (by 5pm Monday 14th December 2020) · Matched PO invoices i.e. not in the invoice register (where the invoice is due for payment by 7th January 2021). Thursday 17th December 2020 Expected (not guaranteed) payment before Christmas Bank Holidays By Tuesday 22nd December 2020 · FPM & eExpenses (approved by 5pm Wednesday 16th December 2020) · Manual documents processed by Accounts Payable (by 5pm Wednesday 16th December 2020) · Matched PO invoices i.e. not in the invoice register (where the invoice is due for payment by 7th January 2021). Accounts Payable and Procurement will aim to have all FPM supplier creation requests, received by close of business Wednesday 9th December 2020, approved and created to allow any necessary payments to be paid by the payment run, Tuesday 15th December 2020. It’s important that the above cut-off dates are used when planning your December 2020 payments and requirements for early January 2021. Please don’t place an over reliance on the last payment run of the year, as if there are issues with this run then we cannot guarantee that these will be resolved ahead of the Christmas closure period. Our first payment run of 2021 will take place on Thursday 7th January. International payments Type Cut-off date for requests received Will include Beneficiary creation Friday 11th December 2020 All beneficiary creation requests received to this date will be created Payment creation Friday 11th December 2020 All payment creation requests received to this date will be created and passed for submission, unless errors are present Payment submission Wednesday 16th December 2020 All authorised payment documents will be submitted to Santander by Friday 18th December 2020. Accounts Payable will have daily payment submissions, until the office closure on Friday 18th December 2020. This article was published on 2024-07-01
