Latest Accounts Payable News

New Guidelines for Quasi-Endowments

Posted February 8, 2006 in Endowment & Investment Accounting, Financial Reporting and Accounting and tagged .

A new form has been created, Agreement to Establish a Quasi-Endowment, which is to be used in requesting the creation of a fund functioning as an endowment. This form should accompany the Activity/Project Set-Up Request form when a new quasi-endowment … Continue reading →

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Mark your Calendars for Business Officers Meeting & Other Training Opportunities

Posted January 31, 2006 in Accounts Payable, Financial Reporting and Accounting and tagged .

Financial and Business Services (FS) is excited to present additional training and professional development opportunities for support, teaching and research staff throughout our campus community. Training sessions will complement existing skills of our workers, provide a forum for communication regarding … Continue reading →

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Management Report Changes

Posted January 25, 2006 in Financial Reporting and Accounting and tagged .

Due to recent changes in our enterprise financial software, we are unable to accurately report the encumbrances on prior months; therefore, the following changes have been made to the Management Reports. Prior Month Management Reports The Summary of Revenue & … Continue reading →

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Temporary SSN Process

Posted January 20, 2006 in Payroll, Tax Services and tagged , .

Payroll Accounting Process for Issuing Temporary Working Numbers for Employees Without SSNs The University may hire an employee who does not yet have a Social Security Number (SSN). Typically, such employees are nonresident alien (NRA) visitors. Internal Revenue Regulations require … Continue reading →

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PO Voucher Timing Problem

Posted January 10, 2006 in Accounts Payable, Financial Reporting and Accounting, Grants and Contracts Accounting, Procurement and Supply Management.

Incident to a recent upgrade in our enterprise financial system, a problem was inadvertently introduced. There may be timing glitches between the date a PO voucher for a project is disencumbered and the date the expense is recorded. For example: … Continue reading →

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Jan Scholarship/Fellowship Payments posted in Dec

Posted January 10, 2006 in Accounts Payable, Financial Reporting and Accounting, Grants and Contracts Accounting.

In order to disburse January scholarship/fellowship checks on time, payments were posted in the December Accounting Month due to problems resulting from a recent upgrade in our enterprise financial system.

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Financial and Business Services Website

Posted December 16, 2005 in Financial Services, Financial Services Technical Support and tagged .

Welcome to the improved Financial and Business Services Website The Financial and Business Services website has many new features. For more information about our website see this message from Jeffrey J. West. The functional features in the top header are … Continue reading →

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Ethical Standards and Code of Conduct

Posted November 29, 2005 in Financial Services and tagged .

The Ethical Standards and Code of Conduct handbook has been developed as a guide for all employees at the University of Utah to support us in our different stewardship roles. The Handbook is not intended to be exhaustive but to … Continue reading →

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IRS regulations and W-2 form reporting

Posted November 11, 2005 in Payroll, Tax Services and tagged .

Please note that we are approaching the end of the 2005 calendar year. IRS regulations require us to report on the W-2 forms and pay and/or withhold any appropriate employment taxes on certain benefits provided during the year, including (but … Continue reading →

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AP is Moving

Posted November 4, 2005 in Accounts Payable.

Accounts Payable will be moving to 145 Park on Monday, November 7. This move should take one day. Documents will be accepted on Monday and processed on Tuesday at the latest. Next day checks will be processed as ordered. This … Continue reading →

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