Latest Accounts Payable News

Year-End Dates & Accounting Calendar

Posted March 22, 2007 in Financial Reporting and Accounting and tagged .

The Year-End Information & Dates document has been updated for fiscal year 2007. This document indicates when accounting documents must be delivered to the appropriate accounting office to ensure the transactions are booked in June. Also, the Accounting Calendar has … Continue reading →

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Create Chartfield Templates for Quick Input for Departmental Deposits

Posted March 22, 2007 in Income Accounting and tagged .

You may now input your chartfield account distribution into a template and save it permanently for future use. This function will allow you to create templates of one chartfield, or a group of chartfields, used most often when you are … Continue reading →

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February Cell Phone Allowance – Update

Posted March 16, 2007 in Financial Services and tagged .

***Update… The Feburary Cell Phone Allowance has been posted to the General Ledger with a March 1,2007 journal date. The Cell Phone Allowances for February 2007 will be included in the February Earnings and Benefits Report. However, the Cell Phone … Continue reading →

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Reviewing Management Reports

Posted March 7, 2007 in Financial Reporting and Accounting, Grants and Contracts Accounting and tagged , .

Management Reports have been changed to provide a place for the individual reviewing a Management Report to initial or sign that the review has been done. That place is at the bottom right of the Balance Sheet for each Activity … Continue reading →

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New Sales Tax Rates

Posted March 3, 2007 in Tax Services and tagged .

Effective April 1, 2007, there are new sales tax rates effective for Salt Lake County. The new base sales tax rate is 6.85% for Salt Lake County. If you do business in another county, please check the Utah State Tax … Continue reading →

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Administration of Restricted Funds

Posted March 1, 2007 in Financial Reporting and Accounting and tagged .

A new Guideline pertaining to the stewardship of restricted funds has been issued by the Controller’s Office. This guideline describes documentation requirements for activities established to account for both minor and major Gifts. All FS Guidelines are posted under the … Continue reading →

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Financial Information Library Information Extracts

Posted March 1, 2007 in Financial Reporting and Accounting, Financial Services Technical Support and tagged .

Here is a summary of new information extracts added in the last month to the Financial Information Library. For information on the Financial Information Library see the post entitled Financial Information Library. Activity Rev/Exp by Org Account Summary of Fiscal … Continue reading →

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Credit Card Fraud Alert on Campus

Posted February 23, 2007 in Income Accounting.

Recently, a University department was contacted by a person claiming to represent a firm called America One, who indicated that credit card rates were going up, resulting in the need to reprogram their credit card machines. This representation is fraudulent. … Continue reading →

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Upcoming Training Courses

Posted February 22, 2007 in Accounts Payable, Financial Reporting and Accounting, Income Accounting, Purchasing Card, Travel and tagged .

The following courses are available to all staff members and will be particularly useful to those who prepare or reconcile financial documents. We recommend completion of Procedural Workshops within the first 6 months of employment; please encourage all new hires … Continue reading →

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Guideline: Acceptance of Credit Card Payments

Posted January 29, 2007 in Financial Services, Income Accounting and tagged .

Jeffrey West, Associate Vice President of Financial and Business Services, has provided supplementary information regarding the University’s acceptance of credit card payments. If your department accepts credit cards or is contemplating credit card payments, please review the memorandum issued January … Continue reading →

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