As we approach the end of the 2025 fiscal year (FY25), our goal at UPST is to ensure that your year-end transactions are completed in a timely and seamless manner. To assist with this, we are publishing important transaction due dates in advance, allowing you ample time to plan and submit your FY25 transactions to UPST. In addition, departments are advised to avoid unnecessary spending in the final weeks of the fiscal year.  Below we've provided tips to help!

FY25 Year-End Calendar by Due Date

View the proposed dates for each of our major processes. Normal UPST operations will continue through the year end as process requests are received.  

Accounts Payable: Submit Early and Other Helpful Tips for Efficient Invoice Processing

As part of UMass Fiscal Year End (FYE), invoices must be received on or before Saturday, June 21. This also includes all transactions that are entered directly into Peoplesoft. We’ve gathered four best practices to help you provide successful processing for the FYE.

Bank Card: Best Practices for FY2025

For those using a Bank Card, All Bank Card allocation and expense activities for FY25 should be submitted in Concur no later than Friday, June 20th. To help you during this time, we’ve gathered five important tips to keep in mind regarding Bank Card usage.

Contracts: 7 Best Practices a Smooth Contract Submission

Let's talk about ways to reduce delays in processing your contract transactions. Don't forget to submit contract requests by Monday, May 12.

Insurance: Understanding Insurance Liability and Coverage Requirements and Renewals for the FYE and Beyond

UMass is responsible for submitting proof of insurance in some instances. We highlighted four scenarios in which you may need to engage with UMPO regarding insurance and the appropriate steps to take in each situation.

Requistions (Purchase Orders): Ensuring a Smooth Purchase Order (PO) Workflow during FYE

The Procurement Specialists team is dedicated to assisting the University system with the purchase of goods, equipment, and services and have has compiled reminders, dates, and tips to assist you during the fiscal year-end. 

SRM: Common Needs from the Supplier Registration and Management Team During Fiscal Year-End

We have identified four common topics the SRM team tends to receive during this time of year in the hopes that it assists you in your planning and processing of Supplier Requests.

Travel and Expense: Tips for Business Travel Expense Reporting for FY25

The Travel and Expense team has gathered helpful tips to speed up the process and avoid a last-minute rush at the end of the fiscal year. All expense reports must be submitted in Concur by June 20, 2025.