General Accounting

The mission of the General Accounting Department is to maintain the University’s General Ledger 32-digit account structure within the PRISM GL module through creation and disabling of accounts. Monitor the Oracle Cash Management module incoming transactions, batch postings, and reconciliation to General Ledger module. Reporting of incoming ACH, Wires, and Deposit receipts, Prepare bank reconciliations, provide accurate and timely customer service responses to management and others across the University community, and effectively utilize technology in the operation of accounting functions.

Services

• Reconcile designated University bank accounts
• Invoice non-research, non-student tuition accounts receivable
• Create and disable entity 02, 03, 04 , 07, 09, and 47 accounts
• Maintain the University's General Ledger 32-digit account structure
• Monitor Oracle Cash Management module incoming transactions and batch postings
• Reconcile Oracle Cash Management module to General Ledger module
• Design, develop, and distribute reporting of incoming ACH, Wires, and deposit receipts
• Identify miscellaneous ACH and wire transfers (EFTs) and record to PRISM General Ledger
• Prepare annual state reports of unclaimed property
• Establish and maintain petty cash and working funds
• Risk Management accounting
• Establish and maintain University endowments and quasi endowments
• Transfers to/from the principal and income accounts of endowment and quasi-endowment gifts
• Monthly and quarterly endowment reports
• Individual endowment information provided upon request