91ÊÓƵ

External billings are necessary when a university department has provided goods or services to an external party and needs to bill for those goods or services. University departments are not permitted to send their own invoices.

In accordance with the Ohio Revised Code and 91ÊÓƵ Policy #51.001 Deposits of Funds, all funds must be deposited with the Office of the Bursar or with the regional campus business office within one business day of receipt unless the amount is less than $1,000 and

As we approach year-end, campus users are reminded to plan ahead for initiating the purchase of goods/services. Specific scenarios to consider include:

By the end of each fiscal year end, Finance must have the correct balance of departments’ petty cash or change funds. Finance needs this information to finalize the fiscal year end balances for financial statement purposes.

The federal government requires that the university, as a recipient of federal monies, processes any necessary cost transfers/accounting corrections within 90 days of the original transaction date. To ensure that we were compliant, the University has operated under the 60 day rule.

BobcatBUY will be down for 23.1 release maintenance from Friday, March 17th 9:00 PM until Noon on Sunday, Marth 19th.

Locally and nationally, supply chain issues have seen some improvement. The backlog of container ships into major U.S. ports has not resolved but has improved significantly from this past summer. Many sectors are still struggling to fill positions but, in some industries, we are starting to see some downsizing/layoffs activity.

With the current fiscal year underway, now is a good time to review your purchase order activity and clean up any spent or old PO’s you no longer need.  When completing this review, please ensure that you have paid all invoices for products or services that you have received.