Business Matters

The University adopted a new version of Policy 55.074 Payment Card Program on March 24, 2022.

Recently, Accounts Payable has seen an increase in the number of employees that are receiving deposits to their personal accounts when they are submitting a reimbursement on behalf of another employee. When this happens Accounts Payable must work with the bank to reverse the payment, which is not always successful.

The University receives many credit memos from suppliers for multiple reasons such as items being returned, incorrect invoice amounts, or items being back ordered.

With yearend right around the corner and invoice volume picking up, Accounts Payable would like to remind campus that suppliers should be submitting invoices straight to Accounts Payable at accounts.payable@ohio.edu referencing the purchase order number that was submitted prior to

As we get closer to year-end, please be aware of the following:

As of June 30, Finance must have the correct balance of departments’ petty cash or change funds. Finance needs this information to finalize FY21 for financial statement purposes.

Pre-Entry for FY23 POs

FY23 requisitions for POs can be now be submitted and should use accounting date of 7/1/22 in BCB.  All other POs for current fiscal year should u

An updated version of Account Validation Tool (AVT) will be implemented on March 30, 2022.  Website functionality will remain the same, but there will be minor look and feel changes to end-users.  The main change is with the layout.  Instead of a side-by-side layout with file validation on the left and single account vali

The Lowe’s punchout catalog in BobcatBuy will be unavailable from Friday, February 25 at Noon until Monday, February 28 at Noon. This shutdown is due to a Lowe’s system conversion.