Policy

The Financial Reporting and Policy Unit will issue instructions for year end procedures and cut-off dates, at least two weeks prior to fiscal year end (March 31).

Procedures

A registry agent must ensure that:

• All cash drawers are cleared to a zero balance at the close of business on March 31.
• All open/closed work bundles are processed and paid for by March 31.
• All catch up documents or other documents relating to March 31 are entered on MOVES by the date specified in the instructions provided by the Financial Reporting and Policy Unit.
• All unapplied monies are cleared by March 31.
• All cash on hand, as of March 31, is deposited by the date specified in the instructions provided by the Financial Reporting and Policy Unit.
  • Offices using the Interactive Voice Response (IVR) system (see Rapidtrans IVR Instructions) must ensure that their deposits for March 31 are phoned in by the date and time specified in the instructions provided by the Financial Reporting and Policy Unit.
• All MOVES inventory is verified and accounted for against the March stage report.

Date Originally Issued: Nov 14, 1989
Date Last Revised: Oct 29, 2020