Business Offices News
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Beginning September 13, 2021, UAccess Financials will be changing its batch schedule and hours of unavailability. This adjustment will allow for a more stable batch run each evening.
Posted under UAccess Financials
Financial Services and Sponsored Project Services, in conjunction with University Analytics and Institutional Research (UAIR), have developed a new UAccess Analytics dashboard page to help Fiscal Officers manage open Operational Advances.
Posted under Accounting Services
On September 30, 2021, the University of Arizona transition from Wells Fargo to JP Morgan Chase will be complete and University Wells Fargo bank accounts will officially close. It is essential that you review the ACH and Wire payments that belong to your department and verify that they are being sent to JP Morgan Chase.
Posted under Treasury
Accounts Payable is excited to announce the implementation of a new vendor onboarding process to simplify the collection of Form W-9 tax reporting information, as well as a requesting Automatic Clearing House (ACH) banking details for direct deposits of University payments to vendors.
Posted under Payment Services
Financial Services is reviewing current fiscal year unrelated business income (UBI) activity. The University of Arizona is exempt from federal income tax as an integral part of the State of Arizona when revenue is generated from activities that are substantially related to the University’s exempt purposes which include research and discovery, teaching and learning, and outreach and public service.
Posted under Tax Services
Effective July 19, 2021, Object Code 5720 should no longer be used for equipment purchases.
Posted under Accounting Services
The Employee Related Expense (ERE) rates used by the University must be negotiated through the United States Department of Health and Human Services, Cost Allocation Services; this negotiation has been successfully completed.
Posted under Accounting Services
Effective immediately, the Government Finance Officers Association (GFOA) is asking all government finance professionals and industry affiliates to stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report.
Posted under Accounting Services