We apologize, but our search functionality is currently not working. UCM is working to address the issue.
As the fiscal year winds down and summer heats up, it’s time for everyone’s favorite tradition—year-end close! While it may not come with fireworks or parades, wrapping up the year’s financial activity is a vital part of keeping our university running smoothly.
If you received goods or services in FY25 but did not send the invoice to accounts payable by the July deadline, an accounts payable accrual Journal Entry (JE) may be necessary to accurately reflect the expense in FY25. Finance will review invoices exceeding $25,000 to determine if a payable journal is necessary.
As summer approaches, many of us look forward to taking a well-deserved break. However, it's important to remember that this period also aligns with the University's fiscal year-end close.
We’re pleased to share that the University has successfully renewed its discount agreement with Southwest Airlines, effective July 1, 2025. This updated agreement provides discounted rates for flights originating from the John Glenn Columbus International Airport (CMH) based on the type of fare selected.
During the period of time when both FY25 and FY26 are open, the balances appearing as FY26 results are inaccurate. This is because FY25 yearend must be complete and closed, before the roll forward of the FY25 ending balances can occur and load as the FY26 beginning balances for accounts.
As we move through the year-end close process, please keep in mind that June 2025-25 & July 2025-26 will both be open periods in JET from late June through the end of July. This overlap provides flexibility, but also increases the risk of misposting, so extra attention is required when entering journals.
As global security protocols continue to evolve, travelers, especially those crossing international borders, are seeing a noticeable increase in border screenings, device inspections, and customs-related delays.
Join the OHIO Digital Accessibility Network (OHIO-DAN) for a relaxed, mid-year check-in on Thursday, June 26 at 4 PM EST on the
As we approach the close of the fiscal year on June 30, June is a critical month for campus finance administrators. It’s the time to tie up loose ends, ensure accurate reporting, and begin the closeout process.
All PCard transactions dated on or before June 30, 2025 (FY25) must be substantiated and submitted for approval in Concur by Monday, July 21.