Business Offices News
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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
Accounts Payable, in collaboration with Purchasing and University Information Technology Services (UITS), is pleased to announce that USA Scientific, an Arizona BuyWays vendor, will provide electronic invoicing effective June 21, 2021.
Posted under Payment Services
Effective July 1, 2021, the Financial Services Property Management team will discontinue issuing N-tags for all University-owned non-capital computers and computer peripherals costing less than $5,000 with no sponsor funding.
Posted under Accounting Services
The University of Arizona receives Automated Clearing House (ACH) and wire payments that post in the UAccess Financials Electronic Payment Claim area. There are 40 payments dating back to August of 2018 that remain unclaimed and require immediate review before they are sent back to its origination.
Posted under Accounting Services