Did you know that every department who has major or minor equipment inventory or both has a dedicated staff member who serves as the inventory contact with asset management? These inventory coordinators work diligently to verify major and minor equipment annually. The inventory coordinator verifies the inventory, signs the inventory form and then electronically routes the […]
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 […]
Livingston International (UND Customs Broker): Rate Change
Categories: Uncategorized
January 2, 2020
Livingston International, UND’s customs broker, has notified us that a rate change will take effect January 6, 2020. Please see the attached documentation from Livingston International documenting the changes. 2019.12 Livingston International Rate Increase Notification Please contact the company directly if you have questions about the rate changes: clientserviceUS@livingstonintl.com or 855-225-5548. Jennifer Rogers, Special Projects […]
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 […]
Journal entry tip of the week: journal reference numbers.
Categories: Uncategorized
December 13, 2019
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. […]
Duplicating Services recently implemented a new billing system. Some technical issues arose during implementation causing a backlog of billing for services provided by Duplicating Services. These issues have been resolved. Duplicating Services expects to be caught up with billing by next week. Thank you for your patience. Sherri Brossart, Duplicating Services Supervisor
All journal entries and imports dated in November without budget error, approval error, or other error have posted to November. If a journal in workflow was dated in November but errors were not corrected or the workflow was not completed prior to three business days into December, the journal will restart in workflow with a […]