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Business Matters

April 18, 2023
Calculating Personal Mileage for Reimbursement

Finance Customer Care regularly receives questions about how to calculate mileage reimbursement for employees working remotely.

April 18, 2023
Mileage Rate for 2023

Beginning on January 1, 2023, the standard mileage rates for the use of a personal vehicle is 65.5 cents per mile driven for business use. This is 3 cents more than the 2022 year rate.

April 18, 2023
Ohio University's Employee Service Center Moving to Lindley Hall in Early April

As  previously announced , the Employee Service Center (ESC) has been integrated into the Ohio University Business Service Ce

April 18, 2023
Banking Change Announcement

Ohio University and The Ohio University Foundation have transitioned from JP Morgan Chase to PNC Financial Services. This banking change is applicable to payroll processing, accounts payable processing, student refunds, and bank deposits.

April 18, 2023
E-Verify Requirements for Grants

Federal Acquisition Regulation (FAR) rule requires federal contractors to use E-Verify to electronically verify the employment eligibility of employees working under covered federal contracts.

April 18, 2023
External Billings (FY23)

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.

April 18, 2023
Cash Handling and Deposits (FY23)

In accordance with the Ohio Revised Code and Ohio University 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

April 18, 2023
Procurement Planning for Year End (FY23)

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

April 18, 2023
Petty Cash Fund and Change Fund Reconciliations (FY23)

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.

April 18, 2023
Important FY23 Year End Information

Fiscal year-end is fast approaching. The Finance Operating Calendar webpage (snippet below) has key closing dates for the current and future month at the top of the page, and also includes a link to the full Excel calendar. In the tables below are some key deadlines for the 2023 fiscal year.

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