Finance continues to adapt and move processes online to accommodate flex workplace. As a result, Finance now offers an online payment option for purchasing card refunds which is the preferred method of payment going forward. Payment can be made by electronic check or credit card.
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.
As you are working to complete your year-end closing tasks, please be aware of the following:
As we get closer to the end of June and throughout July, multiple periods will be open:
We’re entering into an exciting season…Fiscal Year End. It’s a time when we successfully wrap-up the activities of FY21 and get things started for FY22. As always, it’s very important that we finish FY21 strong, accurately, and in a timely fashion. Leading up to year end, we have shared information about FYE in prior
A mandatory upgrade to the Oracle E-Business Suite (EBIZ), including My Personal Information (MPI), will be performed this weekend. The upgrade will begin at 6:00 PM on Friday, June 4th and is expected to be completed by 11:59 PM on Sunday, June 6th. EBIZ and MPI are expected to be unavailable during this entire window.
A wire transfer is a common method of payment, specifically when paying a foreign supplier. However, wiring money to a vendor incurs a charge to the University from the bank.
FY21 blanket POs are for goods and services received through June 30, 2021. At the end of each fiscal year all blanket POs are closed out automatically. For FY21, blanket POs will be closed on 7/23/21.
Completed award packages are due for all funds received by Grants & Contracts Accounting by no later than 6/21/2021. Completed award packages are due for all awards due to Grants & Contracts Accounting for FY21 processing by no later than 7/22/2021.
As we get closer to year-end, please be aware of the following:
On April 23, 2021, the payroll office sent an email to all authorized Individual Compensation Distribution (ICD) users to announce an enhancement that was made to the ICD system. ICD now allows users to select summer full on instructional overload, academic term pay, or summer term pay elements that span across both summer 1 and summer 2.&