General Accounting Q&A

 

Requirements for Service Center Requisitions

• Certifying signature
• Purpose/benefit statement
• Photo copied SCRs processed in lieu of original must include original certifying signature
• Received By signature
• Corrections to SCRs must be made by journal entry

Year-End Processing

Departments will receive a schedule of requirements for items needed at year-end from General Accounting.

General Accounting Q&A

Question: How often do departments have to submit the Acknowledgement of Cash Policies and Procedures form? Answer: Annually. (Note: Complete the section for Cash Handling, not Fund Custodian as the majority of the departments do NOT have fund custodians). Please refer to UHD Policy Statement 05.A.18 Cash Handling http://www.uhd.edu/about/hr/PS05A18.pdf.

Question: How do you correct an transaction that posted incorrectly on the departmental cost center? Anwers: Transaction Correction form. Please refer to the UHD Policy Statement 05.A.12 Expenditure Allocations and Adjustments Policy http://www.uhd.edu/about/hr/PS05A12.pdf.

Question: What are the guidelines for establishing and replenishing a petty cash or change fund? Answer: UHD Policy Statement http://www.uhd.edu/about/hr/PS05A04.pdf.

Last updated or reviewed on 7/26/11