Finance Updates

News, updates and information from the University of North Dakota Finance team.

Articles by
mmager

May journal entries and imports have posted!

Categories: Uncategorized

All journal entries and imports dated in May without budget error, approval error, or other error have posted to May.  If a journal in workflow was dated in May but errors were not corrected or the workflow was not completed prior to the third business day in May, the journal will re-start the workflow with […]

Fiscal Year End Resources

Categories: Uncategorized

June 1st is a great time to become familiar with fiscal year end guidelines.  Departments are encouraged to reference the fiscal year-end fact sheets which contain instructions, deadlines and contact information.   These fact sheets are  located on the Finance webpage quick link called “Fiscal Year End Info”, where they are broken down by category for quick […]

April journal entries and imports have posted!

Categories: Uncategorized

All journal entries and imports dated in April without budget error, approval error, or other error have posted to April.  If a journal in workflow was dated in April but errors were not corrected or the workflow was not completed prior to the third business day in May, the journal will re-start the workflow with […]

Journals using accounts starting with a 1XXXXX (asset) or 2XXXXX (liability)

Categories: Uncategorized

In the event a department needs to post a journal entry to an asset (1XXXXX) or liability (2XXXXX) ACCOUNT, the department should not enter the associated department number on the asset or liability journal lines. Q: Why should I not enter the department number on asset or liability accounts? A: Asset and liability accounts are not […]

March Journal Entries and Imports Have Posted

Categories: Uncategorized

All journal entries and imports dated in March without budget error, approval error, or other error have posted to March.  If a journal in workflow was dated in March but errors were not corrected or the workflow was not completed prior to the third business day in April, the journal will restart the workflow with […]

February Journal Entries and Imports Have Posted

Categories: Uncategorized

All journal entries and imports dated in February without budget error, approval error, or other error have posted to February.  If a journal in workflow was dated in February but errors were not corrected or the workflow was not completed prior to the third business day in March, the journal will restart the workflow with […]

January Journal Entries and Imports Have Posted

Categories: Uncategorized

All journal entries and imports dated in January without budget error, approval error, or other error have posted to January.  If a journal in workflow was dated in January but errors were not corrected or the workflow was not completed prior to the third business day in February, the journal will restart the workflow with […]

December Journal Entries and Imports Have Posted

Categories: Uncategorized

All journal entries and imports dated in December without budget error, approval error, or other error have posted to December.  If a journal in workflow was dated in December but errors were not corrected or the workflow was not completed prior to three business days into January, the journal will restart the workflow with a […]

Annual Inventory Deadline 1/15/20-Final Reminder

Categories: Uncategorized

Annual major and minor inventories are due 1/15/2020.   Department inventory contacts were notified of the requirement on 10/18/2019, with a reminder on 12/16/19, and a final reminder on 1/2/20. Click here for detailed information regarding annual major equipment inventory. Click here for detailed information regarding annual minor inventory.

Journal entry tip of the week: month end.

Categories: Uncategorized

Journal entries (including journal imports) must pass all validations and approval stops before posting to the general ledger.  At month end, if a journal has not passed all validations and approval stops by the third business day in the month following the date of the journal, it will be re-dated to the following month and […]