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ºÚÁÏÊÓƵ business travel is governed by policy 41.121 – Reimbursement for Official Travel and Entertainment. This policy serves as the University’s accountable plan with the IRS. What is an accountable plan?
In a September 2022 Business Matters article, we shared with you that the process for submitting the next F&A rate proposal to the U.S. Department of Health and Human Services (DHHS) Cost Allocation Services had begun.
For proper management of your unit’s sponsored funds, it is crucial that budget to actuals are reconciled on a regular basis to ensure that expenditures are charged correctly and within appropriate federal guidelines (Uniform Guidance). Here are a few reminders as to why is it important that you do this on a regular basis:
First, don’t panic. Your next step? Notify Finance. And remember, external audits are normal and are a critical component of financial reporting and organizational governance. They provide assurance to stakeholders that the financial and programmatic reports are reliable and accurate.
If you are new to the University – WELCOME BOBCAT! As you begin your career with ºÚÁÏÊÓƵ, we wanted to make you aware of some of the resources we have available to help you figure out how to do business at the University.
Once again, Procurement is spotlighting one of the University-wide preferred suppliers in this month’s edition, Fastenal. For a complete list of university preferred suppliers, please see our preferred suppliers webpage.
BobcatBUY will be down for 23.2 release maintenance from Friday, July 14th 9:00 PM until Noon on Sunday, July 16th.
The PCard department has received many inquiries about e-receipts as they relate to incoming PCard transactions. As you may know, users are able to enable e-receipts in Concur for participating vendors, such as hotels and airlines, to send receipts electronically.
In the last two editions of Business Matters, we have introduced the campus community to a new vendor management system that will go live on campus this fall. We have also shown you how to invite the vendor through the new system.
During the supplier management process, some suppliers are made as Oracle only due to limitations in the use of the supplier record. For example, student and employee records should only be used for reimbursements, while records for participant stipends can only be used for that purpose.