Financial Announcements

Faculty and staff will have an opportunity to learn about UB’s new eProcurement system that is scheduled to launch this fall.
A mandatory update for the Concur Mobile app was released on Aug. 13. The update integrated the existing ExpenseIt app into the Concur Mobile app. Now travel and expense system (Concur) users only need to use one app, the Concur Mobile app.
Cost Approvers are responsible for allocating expenses to the correct accounts in the travel and expense system (Concur.) All expenses on a report must be fully allocated or it cannot be processed for payment.
Consistent with the university’s Resource Planning calendar, the process to roll 2017-18 carry forward balances for State Operating and U-Wide Type 1 will begin the week of August 6.
The Office of the State Comptroller (OSC) officially announced the fringe benefit rates for the 2018-19 fiscal year.
On May 1, 2018, Business Services officially implemented the travel and expense reimbursement system (known as Concur) across all campus departments, marking a major milestone in the project's timeline.
Ensure that your state financial transactions are attributed to the correct fiscal year using the cutoff dates for each transaction type.
The Ethics Policy, approved and signed by President Tripathi, is available in the University Policy Library
The Allowable Use of Funds Chart, part of the Allowable Use of Funds Policy, has been revised. The revised policy and chart are available in the University Policy Library
Gain access to financial data using the new Financial Data Access Form.
As required by both State and Federal guidelines, a physical inventory of all assets must be completed on a biennial basis. Prepare for this inventory coming in May.
Statewide Financial System (SFS) is expected to be unavailable from March 30 through April 9, 2018 for State fiscal year-end processing.