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Issue No. 6 | Published 5/27/16

Recurring Payments


The University has created a new transaction that enables recurring payments to be made without the need of an invoice or a monthly entry into IRIS.  This transaction is designed to automatically pay for contract services that are to be paid at a fixed rate on a regularly scheduled basis.  Over the next couple of months, the Contracts Office will be setting existing executed contracts up for recurring payments that fit this criteria.  New contracts that fit the criteria will be set up as they are executed in IRIS.  Once these have been set up for recurring payments, the department will be notified to not submit any future invoices for payment of these services.  For early termination on contracts that fall within this category, it's imperative the department notifies the Contracts Office as soon as possible to prevent overpayment.  If you have any questions, please contact the Contracts Office at 448-2072. 
 
Please remember that our objective is to record all revenues, disbursements and encumbrances in the proper fiscal year. You can access the document listing each of the year-end processing deadlines at http://www.uthsc.edu/finance/documents/fy2016-processing-dates.pdf.  Each item must be received in the appropriate office by close of business on the date listed to be posted in FY 2016.  It is imperative that you adhere to the published deadlines. Your assistance in closing out the year will be appreciated.
 
May 2016 - Period 11

The accounting period for May 2016 should close on June 8 and ledgers can be run on June 9, 2016.
FREE GIVEAWAY

Recently Memphis hosted the Big Orange Caravan, an event promoting UT Athletics.  The UTHSC VolShop has been given an autographed football by head coach Butch Jones. This is a FREE giveaway to THANK YOU for your continued support!  No purchase is required to participate.  Visit us inside the store to fill out a ticket for the drawing.  The winner will be announced on Friday, May 27 at 1:00 p.m. Winner must be able to pick up prize in person.
Copyright © 2016 University of Tennessee Health Science Center, All rights reserved.


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University of Tennessee Health Science Center · Office of Finance · 62 S. Dunlap, Suite 300 · Memphis, TN 38163 · USA

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