Please share with the ConnectCarolina Finance users in your school/division. Updates are sent on an as-needed basis.
Top Issues
NEW! July Month-End Close: Central offices have officially closed for the month of July. This includes the transmission and reconciliation of all June transactions, and state approval to close the month.
NEW! August Month-End Close Deadlines: Validated campus journal entries and data collect batches (journal imports) should be received by Accounting Services by close of business
(5 p.m.) on Wednesday, August 31. Please remember that accounting will not receive the journal entries until the journal has been budget checked valid and has passed through all required approvals (including OSR, if necessary).
For details on month-end close procedures, see Accounting Services’ Month-End Close and Report webpage. Bookmark this page to see the latest info in between updates.
NEW! TSERS Rate Change: Effective July 1, 2022, TSERS employer rate increased to 24.5% and ORP employer disability and retirement rate increased to 6.99%. For more information, see the August 1 memo.
NEW! Multistate Tax Reminder: please make Payroll Services aware when you have identified an employee is living and working outside of North Carolina by submitting the form “Notice of Employee Working Outside of North Carolina” to MultistateTax@unc.edu and one of the Tax Team members will process the information. For more information, see the August 4 memo.
NEW! Purchasing Thresholds and How to Build a Better Requisition: Purchasing Services had a tremendous response to their recent presentation on creating and submitting requisitions, which also covered the July 1 changes of purchasing competition thresholds. Please encourage anyone on your team involved in purchasing to review these timely materials if they were unable to attend the webinar. For details, see the August 9 memo. If you are new to Purchasing and have access but would like help on the process, please review the Purchasing Method Selection Tool to help you make your decisions on how to buy. If you have further questions on orders above $25,000, contact a specialist in your Purchasing Category.
NEW! ARC3 and Airgas Price Increase: There have been significant increases in the cost of these vendor’s products, including a sharp rise in the price of liquid Nitrogen, cylinder rentals (Airgas) and additional surcharges to ease inflationary pressures associated with production and delivery of these products. For a complete list of the new rates and additional details, see the August 15 memo.
REMINDER! Subscribing to Business Managers listserv: Finance and accounting personnel who would like to subscribe to the business managers listserv can do so by following the instructions at https://finance.unc.edu/wp-content/uploads/sites/298/2016/09/joinbusinessmgr.pdf.
Questions
For questions and support, users should utilize ServiceNow, the new system campus is using to track support and service requests. This is the fastest way to obtain assistance and allows the project team to be able to track issues to determine the scale of the impact to all users. Go to the ServiceNow Help Page at help.unc.edu or call 919-962-HELP for assistance.