News from Accounting
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...
2014 Fiscal Year-End Cutoff Dates
In-state mileage reimbursement rate change for 2014
The Internal Revenue Service has released Notice 2013-80 http://www.irs.gov/pub/irs-drop/n-13-80.pdf, announcing the 2014 standard mileage rates. Effective for mileage incurred after December 31,...
New Vendors and IRS requirements
In order to ensure compliance with Internal Revenue Service (IRS) guidelines, the Accounting Office is requiring an IRS form W-9 be submitted for all new vendors prior to making payment. A new vendor...
Update to Policy 515 Section 7 Lodging Reimbursement - Effective October 1, 2013
Effective October 1, 2013 the GSA (U.S. General Services Administration) for Employee In-State Lodging has been increased for several select counties in ND. Policy 515 Section 7, as well as the...
In-State Meal Allowance Rate Change Effective August 1, 2013