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mmager

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 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 […]

When correcting an entry, general ledger detail saved from PeopleSoft Finance showing the funding source of the original transaction, must be included as an attachment to the journal entry.  This general ledger detail shows the funding source of the original transaction to ensure that the entry corrects the appropriate chartfields. Q: How can the department […]

Has your department purchased or are looking to purchase major equipment and you are curious about the process? Let’s explore! Major equipment is defined as any equipment with an acquisition cost greater than $5,000 and having a life greater than one year.  Departments who purchase major equipment are required to code the equipment to an […]

When submitting a journal entry to correct a transaction that has posted to the general ledger, the journal ID of the correcting entry should be the same journal ID as the original entry that is being corrected. Want to learn more about journal entries?  Visit the training website or give us a call at 701-777-5672. […]