Business Matters

The Office of Audit, Risk, and Compliance conducts cash counts and discusses account handling across campus to ensure that funds are intact and used as intended and to identify ways to strengthen controls.

The Purchasing Card Refund Form has been updated to include the Grants Module, Project-Task-Award (PTA) deposits for expense reimbursement.

University leaders hosted three Budget Open Forums last week to share information and provide dialogue about the university’s budget decision-making process. The open forums provided an opportunity for all OHIO employees to learn about our budget process and ask questions.

As we work to operationalize the new Chart of Accounts and close out the Financial System Enhancements project, there are several work-in-progress items that were either deferred until after the launch in December 2017 or have come up as Planning Units utilize the new systems, tools and processes.

Since the launch of the Financial System Enhancements in mid-December 2017, several improvements to hierarchies, reporting and systems have been implemented.

The Grants Module Deposit Form has been updated to include the Grants Module, Project-Task-Award (PTA) deposits for expense reimbursement.

The General Ledger and the Grants modules are now closed for December 31, 2017. Financial Management System(FMS) reports will no longer be distributed through the Oracle Financial Management System.

Finance Customer Care has received a number of inquiries about the difference between the Object Lookup and the Conversion Lookup dashboard pages in OBI. See below for clarification on how to use these dashboards.

Ohio University has officially converted to a new Chart of Accounts effective Tuesday, December 12, 2017. The Chart of Accounts conversion will affect individuals across all Ohio University campuses and many systems have changed as a result.