The Finance department is excited to announce that we will be soft launching our new supplier management system, PaymentWorks, on November 5, 2024. We will soft launch with a single department and allow them to invite new suppliers first.
Starting Monday, August 26th, Concur will be launching a refreshed home page experience on the web that features an intuitive design and user-friendly navigation.
On August 6, 2024, we made a few minor but valuable enhancements to the PO Summary Dashboard in OBI. You are now able to easily identify cancelled POs, PO owners and their employment status in this dashboard. The following changes were made to the dashboard:
Fund Balance processing is a coordinated effort among Budget Office, Foundation Accounting, and Finance (internally distributed among Grants Accounting, GAFR, and Treasury). This process will occur on August 8, 2024. You can review your FY25 account balances in OBI on August 9th to see updated balances.
Fiscal year close is in full swing! Below you will find the important year-end closing dates for July and August. Each of you serves a critical role in closing the books each year, and we appreciate your time and effort. This helps the University ensure a successful close as well as complete and accurate financial statements.
If you received goods or services in FY24 but did not send the invoice to accounts payable by the July deadline, an accounts payable accrual Journal Entry (JE) may be necessary to accurately reflect the expense in FY24.
As we begin a new fiscal year, we wanted to take some time to review the 90-day accounting correction rule, where it comes from, and why it is important. But let’s first begin with a definition.
Definition
BobcatBUY 24.2 upgrade will be released to the campus community on Monday, July 15, 2024. Below is a summary of the changes campus users will experience with this upgrade.
Beginning on Tuesday, June 11, 2024, Finance Customer Care (FCC) will be switching their ticketing system from Footprints 11 to TeamDynamix (TDX). If you currently have a ticket open with FCC that is unresolved, the ticket will be transitioned over to TDX and you will receive a notification.
The Finance department is excited to announce that CBT will be replacing the Global Distribution System (GDS) that feeds travel content (ex., airfare, hotel, rental car, and rail information) into the university’s travel management system, Concur. This migration is scheduled for Monday, July 15th.