Tagged: Financial Accounting

A downloadable Year-end Checklist for Finance and Supply Chain activities is available under the "I want to..." heading found on the Business and Finance website's Controller page. The checklist includes important dates and action items for FY24 year-end.  

As a best practice, when using the Journal EIB

To match requirements outlined in the earnings operation policy, the Senior Fiscal Officer approval will now be required for all FDM requests that use the "New Earnings Operation" or "Edit Existing Earnings Operation" form types. Previously, these request types routed to both the SFO and the Cost Center Director roles for approval, and only one of these roles had to approve. This change went into production at 5 p.m.

Internal Order Billing 1 and 2 have been updated. If you were in progress in this training you should have received and email from the training team advising that you will need to restart the course because the previous link will no longer be active.

An updated job aid for "Cash Advances for Human Subjects, Petty Cash, and Change Funds" will be posted to the Administrative Resource Center (ARC) on Monday, December 11. The job aid has been enhanced and describes how to request petty cash/change funds while also outlining the related accounting impacts. 

Customer deposit transactions created and submitted on or after Friday, December 1 will have a transaction ID generated called "Customer Deposit ID." The Customer Deposit ID will be like other transaction IDs within Workday and will uniquely identify the deposit. The Customer Deposit ID will be preceded by "CD" and it will be followed by 8 numeric digits. The new Customer Deposit ID will be displayed on various deposit-related reports. Multiple cash sales can continue to be tied to a single customer deposit transaction.

Cost Center - FDM Values Report:

In preparation for Position Control enhancements, a new "Central Review Required" field has been added to the output of the "Cost Center - FDM Values" report. This field will be used to identify whether a cost center will require central review within the job requisition business process.  

Find Purchase Order Summary - OSU:

As of Friday, November 3, the "Calculate Current Year Retained Earnings" checkbox will be retired by Workday. 

Using this checkbox tells the report to calculate ending equity balances by taking beginning equity balance – net margin. Those who still need comparable behavior may utilize the "General Ledger Balance – Balance Sheet Details" report which will calculate ending equity in this manner. Please review the October Finance Office hours for a demo of this change. 

The "Delegation History - OSU" report date filters have been updated for a better reporting experience. When the user opens the report, on the "Delegation by Month" tab, the "User Input Month" field is updated with the current month. On the "Delegation by Date Range" tab, the "Date Range" field is updated with first day of the current month and current date. The user can select the dates based on their requirements from the filter icon as needed.

Report Enhancements: Credit Card Transactions - OSU and Find Credit Cards - OSU:

The "Credit Card Transactions - OSU" and "Find Credit Cards - OSU" have been enhanced with two additional fields.