Latest Accounts Payable News

Changes to Accounts Payable P.O. Invoice Payment Processing

Posted September 7, 2011 in Accounts Payable and tagged , .

An important aspect of Accounts Payable procedure is to notify departments that we have received purchase order invoices. Currently, when Accounts Payable receives a P.O. invoice directly from the vendor and the invoiced amount is greater than the $5,000 P.O. threshold, an invoice … Continue reading →

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Endowment Projections for Q4 FY 2011

Posted September 2, 2011 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value for June 30, 2011, is $203.74 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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WRONG ADDRESSES ON ACTIVITIES & PROJECTS

Posted August 24, 2011 in Financial Reporting and Accounting and tagged .

Central Mailing has brought to our attention that many Management Report packets are addressed to the wrong location. Consequently, handwritten corrections are written on the mailer sheet and delivery is being delayed. If the address on your Activity(s) or Project(s) … Continue reading →

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Self Service Liaison Update Now Available

Posted August 12, 2011 in Financial Reporting and Accounting, Grants and Contracts Accounting and tagged , .

We are very pleased to announce that the self-service application to change Liaison(s) on Projects and/or Activities is now available.   The Chartfield Lookup application is enhanced to accomplish this.  This is the first project success from the PAM initiative. This new self-service application will enable departments to easily maintain Liaison … Continue reading →

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Estimating Fringe Benefit Rates

Posted July 21, 2011 in Management Accounting and Analysis.

Cost Accounting released a memo effective August 1, 2011 which concerns estimating fringe benefits on grant applications and contract proposals. This memo supersedes the previous memo of April 13, 2006. Fringe Benefit Rate Memo (Effective Aug 1, 2011) Questions regarding … Continue reading →

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Management Reports Available

Posted July 19, 2011 in Financial Reporting and Accounting, Grants and Contracts Accounting and tagged .

The Web Management Reports available via the CIS are now available. Summary data includes all Journals that posted before 9:30am on Monday, July 18 Beginning balances for July 2011 are current

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JUNE ACCOUNTING MONTH CLOSED

Posted July 14, 2011 in Controller, Financial Reporting and Accounting and tagged .

The accounting month of June is closed. The process to create the beginning balances for July will run Friday night/Saturday morning. Therefore, the beginning balances for July will not appear on your Management Reports until Monday morning. If you have … Continue reading →

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July Momentum Newsletter is now available

Posted July 6, 2011 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. Follow the links from this page to see the full articles… A full Printable Version of this newsletter is also available … Continue reading →

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e-Journal Training for New Preparers

Posted July 5, 2011 in Financial Reporting and Accounting and tagged , .

e-Journal training for new preparers can now be done at your desk and at your convenience. If you aren’t using the e-Journal application to prepare your journal entries and would like security access to use the application, follow these steps: … Continue reading →

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Accounts Payable: Fiscal Year Close

Posted July 1, 2011 in Accounts Payable.

Please note that Wednesday, July 6 is the deadline for receipt of all Fiscal Year 2011 documents in the Accounts Payable office, 145 Park. All transactions to be included in FY2011 should be received by 5:00pm, Wednesday, July 6. If you have … Continue reading →

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