e-Journal Preparer Training Sessions Available

Three e-Journal Entry Web Application – Preparer Training sessions are now open for registration! Click here for more information and to register for training. Be sure to spread the word!

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2010 Financial Report

I am pleased to announce that the 2010 Financial Report for the University of Utah is available online.  Previous years’ reports (2003-2009) may be found on the Controllers website.  Limited numbers of hard copy 2010 reports will be available shortly and may be requested by contacting Theresa Ashman. I would also like to recognize the efforts of Financial Reporting & Accounting and specifically Steve Allen for their dedication to producing yet another high quality report of which we can be very proud.

Questions? Ask Us! Ask Us

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Momentum Newsletter January 2011

The Momentum Newsletter is published quarterly and is meant for the use and benefit of the University of Utah Campus Community. Follow the links from this page to see the full articles…

A full Printable Version of this newsletter is also available to forward to your colleagues.

 FS Header

January 2011

Notable Changes
Accounts Payable Updates

You still have until January 14th to fill out our survey. Find out what we have learned so far…

There are now 2 Accounts Payable teams, find out which team is responsible for AP functions…

Travel Tidbits

We are excited about our new system enhancements. Find out how we are helping departments save time and improve documentation…

New 2011 mileage rates are available.

General Stores $aves your Department

FS SavingsOn Sale Now: Copy Paper & Break Room Supplies …

Process Spotlight
Credit Card Acceptance

Why is it so important to know the rules? …

FS Commitment to Communication

 FS TipThere are many ways we are connecting with U, are you getting the message?

Strategic Sourcing & Contract Management

FS SavingsHow much have our efforts saved U so far? Are you getting correct contract pricing?

 

Purchasing CardReallocation Program Enhancements

Find out what improvements we have planned…

FS Community Help us Celebrate

Which FS employee celebrates a 20 year anniversary this month?…

Upcoming Events

Upcoming WACUBO Workshops
Participate in these low cost workshops designed for U:

Academic & Unit Business Officer
March 2011: Seattle, Washington

Treasury Managment
April 2011: San Francisco, California

Fundamental & Intermediate Accounting in Higher Education
April 2011: San Francisco, California

$Y$ - Happenings
Check it out! Preferred Methods of Procurement

FS TipWe are excited to present a much improved presentation for anyone who procures supplies or services for U…learn more!

Experiencing issues with online systems?

It could be your Cache and Cookies – find out how you can fix it…

Share Your IdeasShare Your Ideas With Us FS TwitterFollow FS on Twitter
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Changes to employee tax withholdings

For 2011, beginning with the January 7th paycheck, employees may notice changes to their tax withholdings. Based on the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 there will be a two percentage point payroll tax cut for employees, reducing their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid, up to wages of $106,800. This reduced Social Security withholding will have no effect on the employee’s future Social Security benefits. Also, based on new IRS Federal Tax Withholding Tables, employees may have increased federal withholding taxes.

If you have any questions, Ask Us! Ask Us

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Accrual View portion of Online Paycheck Updated

The “accrual view” portion of the online paycheck is currently showing a zero balance on all accruals for all employees.  We are in the process of fixing the accrual view and will rerun the paycheck PDF once it has been corrected which will populate these fields with the correct information.  Another email will be sent out to all Payroll Reporters at this time. We will also update this news post, so stay tuned!

*** Updated 7:00 PM on 01/06/2011 — This issue has been resolved. *** 

Thank you for your patience in this matter.

University of Utah Payroll Office

801-581-7873

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Links to Auto-Numbered Forms Changed

Some FS auto-numbered forms have had their links changed.  The forms have been moved to a new location which will make updates and maintenance of the forms more efficient in the future.  All the links on the Financial & Business Services website have been updated to reflect this change.  If you have bookmarked any of the forms, please update your bookmarks to the Forms page.  The following forms are affected:

  • Cost Transfer Form
  • Departmental Deposit Form
  • General Journal Entry
  • Retirement/Transfer Form
  • Educational/Research Educational/Research Traineeship Grant Form

You can find all the links to the forms on the Forms page. 

If you have any questions, Ask Us! Ask Us

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Accounts Payable Office Remodel

Due to an office remodel, the Accounts Payable office will be temporarily relocated to room 416 Park (Travel Office). This temporary location will be used December 20 – 31. During this time, please come to Room 416 to deliver documents for processing, or to pickup checks. Phone numbers will remain unchanged during this time.

Ask Us a Question If you have any questions or feedback just ask us!

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Changes to Cell Phone Allowance Program

Please click here to read a memo regarding a change to the Cell Phone Allowance Program for calendar year 2011.

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Accounts Payable Needs Your Feedback! Please Take Our Survey!

Accounts Payable is working to improve our service to YOU and we’ve created a survey that we’d like you to complete to help let us know how we’re doing. The survey will only take a few minutes to complete, and will provide us with valuable feedback.

Click here to take the survey.

This survey will be available until December 31.

Ask Us a Question If you have any questions regarding the survey just ask us!

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Go Paperless, Sign up for electronic W2!

Meaningful and exciting changes have been made to the way W-2 forms are now available to University of Utah Faculty and Staff. Employees can elect to receive the Form W-2 electronically, in a paperless format which will be available year round. Highlights include:

  • Employees will be able to access the W-2 a couple of days earlier, because they will not have to wait for it be delivered in the mail.
  • Employee’s sensitive personal information will not be sent through the mail.
  • Green – For employees eligible to file a tax return electronically with the IRS, no paper copy of the W‐2 is required so natural resources are saved by not printing and mailing W‐2 forms.
  • Budget Savings – In these tight budgetary times, this will have a positive impact on the budget of the University.
  • The W-2 is no longer unavailable after the tax season ends, access to your W-2’s are available online year round back to 2001.

Employees should sign up to take advantage of this opportunity. To sign up:

  • Sign on to the CIS and click the Employee tab (if it is not your default tab).
  • Click Payroll, Taxes and Salary.
  • Click Paperless W2 and you will have the option to select to receive your W-2 electronically.

You also have the ability to view your W2 electronically year round. Your W-2 forms back to 2001 are now available to see all the time. To view your W-2:

  • Sign on to the CIS and click the Employee tab (if it is not your default tab).
  • Click W-2 W-2 Form Reprint and you will have access to your W-2’s back to 2001.

If you have any questions, Ask UsAsk Us

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