Effective Sept. 1, 2024, campus correcting journals (JCR) workflow and approval requirements will change. This shift is necessary to improve internal controls and the review process of campus journals.
Beginning in Fiscal Year 2023, to improve the accuracy of accounting for small capital projects (capital projects which are less or equal to $300,000), two new accounts have been established. One is for building-related expenses and the other is for equipment and furniture-related expenses.
Memo directs how to charge accounts for temporary contract workers using both P-Card and Voucher, notes and account deactivation.
To: Deans, Directors and Department Chairs; University Business Managers; Campus Unit Finance Leads From: Kristy Nash, Associate University Cashier CC: DeAhn Baucom, University Cashier Please note and share as appropriate the following adjusted deadlines related to December 2021 month end … Read more
The following two new GL accounts have been established in ConnectCarolina to align accounts within the appropriate range and to improve accuracy of financial reporting.
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As a follow up to campus feedback to the October 16 memo (included below) please note that departments may also use Connect Carolina Cost Code 3 fields for expenditure transactions as well, if your unit is already using CC1 and CC2. If you have previously used Cost Code 3 before the October 16 memo for pandemic transactions, there is no need to go back and correct entries.
This memo acts as a reminder that all campus units (besides the School of Medicine) should continue to use FAECOVID-19 in one of the Connect Carolina Cost Code 1, 2 fields for all expenditure transactions (AP vouchers and GL journals) to identify COVID-19 related operating expenses, except for COVID Research Projects that are already tracked via Project ID.
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The Fiscal Year-End 2020 Task Checklist is now available.
