Latest Grants and Contracts Accounting News

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March 2017 Accounting Month Closed

The most recent accounting month is now closed. Your Management Reports are complete and ready for your review. For most departments/units, review and approval should follow the steps outlined in this memo. Some departments/units have alternate procedures in place to accomplish review … Continue reading

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Have you completed your EOR?

Beginning with the June 2016 Management Reports, FBS implemented procedures to comply with a new Management Report Review Guideline which states that each PI/Account Executive (or their appropriate review delegate) MUST use Evidence of Review (EOR) tools to indicate their review is complete, … Continue reading

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New Guideline: Management Report Review

A new Guideline has been published to offer clarification to Policy 3-003: Authorizations and  Approvals Required for Financial Transactions.  This Guideline is meant to improve internal controls across campus as it outlines: Account Executives (AEs) and PIs remain primarily responsible for … Continue reading

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“Evidence of Review” Tools have been Improved

The Evidence of Review (EOR) application was implemented to give Account Executives and Principal Investigators a method to demonstrate required “evidence” that they had reviewed their monthly financial reports. EOR has been redesigned so that the REQUIRED REVIEW options are at … Continue reading

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F & A Rates at the University of Utah – Important Information for Faculty, Researchers, and Administrators.

New negotiated overhead (“F & A”) rates have been finalized with the federal government (for future fiscal years). These new rates will apply to NEW or new-continuation contracts / grants submitted for funding on or after July 1, 2016. You … Continue reading

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Enhanced Financial Web Reports – We’ve gone RED

We have upgraded our CIS-based Financial Web Reports, and are excited to announce that they have a fresh, new, RED look! Our users will notice enhancements to the functionality, including: Management Reports/Journal Detail now consolidates UShop spend by Voucher number. … Continue reading

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**UPDATE-RESOLVED** Payroll Benefit Encumbrances at Zero in Management Reports

**UPDATE-RESOLVED** This issue has been resolved. The correct benefit rates and amounts are updated in the detail reports now, and will be reflected in the summary reports beginning tomorrow, March 7, 2015. Thank you for your patience! On March 3, … Continue reading

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EOR Status added to Management Reports

Have you wanted to know the EOR Status of a Project or Activity while viewing Management Reports?  Now you can! EOR Status has been added to each of the Management Reports screens.  The EOR Status has been placed to the right … Continue reading

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Some PDF Documents Display Strange Errors in Google Chrome

Some PDF documents are not displaying properly in Google Chrome.  These PDF’s have special features that allow auto numbering or auto dating.  Others are displayed from Management Reports when clicking on the spyglass in Journal Detail. These PDF documents need … Continue reading

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Account Executive approvals are now EASIER in GFA

We are pleased to announce that Account Executives can now “Approve All” Alternates instead of one at a time. Check it out! Please continue to give us feedback through the Ask Us link below. Your feedback is valuable to us. … Continue reading

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