Latest Accounts Payable News

Fiscal Year-End Closing Information and Dates Document for Fiscal Year 2013 has been updated

Posted April 2, 2013 in Financial Reporting and Accounting and tagged , .

The Fiscal Year-End Closing Information and Dates document for fiscal year 2013 has been updated and is available on the FS pagelet on CIS. Please take a moment to review the dates to make sure all your financial documents are … Continue reading →

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Discover Credit Card Changes

Posted March 22, 2013 in Income Accounting, Payment Card Acceptance/E-Commerce and tagged .

CHANGES TO DISCOVER CREDIT CARD DEPOSITS Beginning April 1, 2013, the Discover credit card settlement will be combined with the Visa and Mastercard settlement, to make one deposit to the bank. You will need to combine the Discover settlement total with the … Continue reading →

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Project Negative Encumbrance ERRORS

Posted March 15, 2013 in Financial Services, Financial Services Technical Support, Grants and Contracts Accounting.

We feel it important to inform you of an error that exists in the Financial System. There are projects that have a NEGATIVE ENCUMBRANCE(s) on the Management Reports and all other reports that reflect encumbrances. This error is limited to non-payroll … Continue reading →

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Q2 FY 2013 Unit Market Value for Endowment Projections

Posted February 25, 2013 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value for December 31, 2012, is $201.80 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FS News. All other factors in the instructions … Continue reading →

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January 2013 Momentum Newsletter

Posted January 10, 2013 in Financial Services and tagged .

The Momentum Newsletter is published quarterly and is meant for the use and benefit of the University of Utah Campus Community. A full printable version of this newsletter is also available to forward to your colleagues.

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December 2012 Accounting Month Closed

Posted January 10, 2013 in Financial Reporting and Accounting, Grants and Contracts Accounting and tagged , .

All financial transactions have been successfully posted for December 2012.  The Accounting month is now closed.  This means that: PDF Management Reports can now be produced. After you have reviewed your Management Reports, you may provide Evidence of Review (EOR) by:  Use … Continue reading →

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Tax Rate Changes

Posted January 3, 2013 in Payroll, Tax Services and tagged .

Social Security Tax Rate Increase The two percent employee FICA Social Security tax cut provided in the Tax Relief Act of 2010 expired December 31, 2012. As a result the employee FICA Social Security tax rate will be restored to … Continue reading →

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November Accounting Month Has Closed

Posted December 8, 2012 in Controller, Financial Reporting and Accounting and tagged , , .

The November Accounting Month is now closed. You may now view complete November 2012 data in Web Management Reports. You will likely need to change the month and year (to November 2012) on the criteria page in Management Reports when … Continue reading →

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Updated PeopleSoft Grants Implementation Information

Posted November 21, 2012 in Accounts Payable, Grants and Contracts Accounting, Travel and tagged , , .

Prepare for PeopleSoft Down-time… Important due dates for Travel Reimbursements and Pre-trip Payments in December have been posted on the Financial Changes Coming webpage. New training opportunities PIs and Business Officers on Dec 4 & 5 have been posted on the … Continue reading →

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Critical Information for University Expenditures

Posted November 16, 2012 in Accounts Payable and tagged , .

PeopleSoft Financials Downtime An extensive PeopleSoft software implementation and conversion is planned which will render core PeopleSoft Financials, and associated applications, unavailable for a period. Timing This conversion process will commence on Monday, December 10, immediately following the close of … Continue reading →

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