News from Accounting
FY16 Fiscal Year-End Cutoff Dates
In-State Mileage Reimbursement Rate Change for 2016
The Internal Revenue Service has released Notice 2016-01 https://www.irs.gov/pub/irs-drop/n-16-01.pdf, announcing the 2016 standard mileage rates. Effective for mileage incurred after December 31,...
Update to Policy 515 Section 7 Lodging Reimbursement - Effective October 1, 2015
Account Code Clarification for Registration and Conference fees
Below clarifies what account code to use for employees, students and non-employees.
Account code 611020 – Professional Development - used for payments for conferences and training seminar...
FY15 Fiscal Year-End Cutoff Dates
Procedures for Correcting Entries on Purchasing Card Transactions
For all purchasing card transactions dated March 1, 2015 and forward, the processing of those transactions in PeopleSoft is now being done through the AP Voucher system. That means that all...
Correcting Entry vs Cost Transfer
There can be some confusion as to when to use a Correcting Entry Request, Cost Transfer Request or a Journal Voucher form.
A correcting entry is a journal entry that is...
In-State Mileage Reimbursement Rate Change for 2015
The Internal Revenue Service has released Notice 2014-79 http://www.irs.gov/pub/irs-drop/n-14-79.pdf, announcing the 2015 standard mileage rates. Effective for mileage incurred after December 31,...
Employee - Travel and Other Reimbursements Received via Accounts Payable Processing
A recent change has been made by the University Systems Core Technology Services (CTS) which synchronizes personal data between the three PeopleSoft systems: Campus Solutions, HRMS, and Financial. ...
New Accounting Form - Journal Voucher
The Journal Voucher form is a new form to correct existing Accounts Payable and Travel Vouchers. This form is ONLY to correct existing vouchers, all other correcting entries will still need to be...