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Business Matters

November 30, 2022
Supply Chain Improves as Inflationary Pressures Continue

Locally and nationally, supply chain issues have seen some improvement. The backlog of container ships into major U.S. ports has not resolved but has improved significantly from this past summer. Many sectors are still struggling to fill positions but, in some industries, we are starting to see some downsizing/layoffs activity.

November 30, 2022
Quarterly Purchase Order Review

With the current fiscal year underway, now is a good time to review your purchase order activity and clean up any spent or old PO’s you no longer need.  When completing this review, please ensure that you have paid all invoices for products or services that you have received.

November 30, 2022
Bank of America Payment Card Program - Most Common Violations

Now that we have been with the new payment card program through the Bank of America for about six months, we wanted to review the most common policy violations we are seeing and provide reminders about the requirements. Contrary to popular belief, we are not out to close payment cards.

November 30, 2022
Employee Perks & Discounts - Rental Cars

Ohio University has rental car agreements that extend discounts to university employees for leisure (personal) travel. You CANNOT access these discounts in Concur.

November 30, 2022
Real ID for Travel in the U.S.

Effective May 3, 2023, you must have a REAL ID compliant driver license/ID to fly within the U.S., unless you use a U.S. passport or another federally approved form of identification.

November 30, 2022
Journal Entry Tool (JET) Reminders

When preparing or processing journal entries in JET, please keep the following in mind.

November 30, 2022
Grants Management - Top 10 List

There are many requirements to effectively manage a grant. Grants Accounting has complied a Top 10 list for grants management:

1. Know and understand the award terms and conditions. Communicate restrictions or special terms to the appropriate parties to ensure compliance.

November 30, 2022
What Object Code to Charge When Purchasing Equipment

When making purchases, it is important to be aware if any portion of the purchase meets the criteria to be considered capital equipment.

November 30, 2022
ICD FATM Setup Reminder

FARM Setup Reminders were published the August 2022 Business Matters to remind users how to maintain FARM data to avoid errors and delays with their unit’s transactions.  Unfortunately, we have continued to encounter approver setup discrepancies in FARM that cause ICD tr