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.
Central Offices have reviewed and identified a large number of inactive general ledger accounts that have not been used in recent fiscal years.
Attached is a list of 183 accounts which will be deactivated by the end of April 2020.
