The Business Office takes the payment system that works with POUNCE offline on the last business day of the month every month for about two hours in the afternoon to close the month's accounting entries which are fed to the general ledger from Banner. This process requires many processes and reports to be generated and takes about two hours. The payment system is generally placed back online no later than 3 p.m. on that day.
The Business Office takes the payment system that works with POUNCE offline around noon on the last business day of the fiscal year which ends June 30. The ensures no transactions can be left in the accounts receivable subsidiary ledger and will be fed to the general ledger at 100% for the fiscal year. The system will stay offline until the first business day of the new fiscal year which begins July 1.