Business Matters

Have you ever wondered if you need a contract/agreement to procure goods/services?

The PCard office has been seeing several declines on PCards. Most of these declines have been related to cards not being activated, or the cardholder entering a bad PIN.

We been getting questions about toll fees and fines/penalties related to non-payment of tolls when using a rental car. University travelers have the option of renting a vehicle from one of our preferred suppliers, Enterprise/National or Hertz, or from Ohio University Transportation and Parking Services.

GASB 87 requires lease accounting for “all right to use” assets of Ohio University. This is a new accounting standard that impacts all public universities in the United States and is not unique to Ohio University.

Project sponsors expect the grantee institution (Ohio University) to establish and maintain adequate financial management practices and policies so that costs are appropriately charged at the time incurred and significant adjustments are not generally required.

Tis that time of year for the annual Holiday Expenditures guidance!

As a public institution, Ohio University is expected and committed to the responsible use of public funds and as such is providing guidance on holiday expenditures as follows:

Ohio University and The Ohio University Foundation have transitioned from JP Morgan Chase to PNC Financial Services. This banking change is applicable to payroll processing, accounts payable processing, student refunds, and bank deposits.

Southwest Airlines recently upgraded their system which broke the EarlyBird Check-in functionality in Concur. We have contacted Southwest and they are aware of the issue, but they did not have a timeline for when this functionality will be fixed in Concur.