Asset Coordinators - FY20 Physical Inventory and Equipment Review (PIER) Prep

Ric Hunter | May 13, 2020

Fiscal year-end is just around the corner, so now is the perfect time to start preparing for your 2020 Physical Inventory and Equipment Review (PIER) report. To make the review and submission process easier, here are a few things you can do prior to year-end:

  • Make sure each asset has a current building/room location, tag number, and custodian name in the Financials system.
  • Record new assets as received in the Financials system.
  • Submit any necessary retirement, transfer, or surplus forms. Forms received after June 26th will be processed in the new fiscal year, and therefore will not be reflected on your 2020 PIER report.

To view an accurate representation of your unit’s current "in service" assets, you can run the AMB100DW – On-Line Assets and Equipment report in eReports to determine what changes need to be made.

Direct any questions to Asset Management at assetmanagement@osu.edu or 614-292-6048.

Disclaimer:  The review and reporting period scheduled for the FY20 PIER is subject to university decisions made in the coming weeks as it relates to COVID-19.  Asset Coordinators will be notified of any adjustments to the current schedule or process.

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Asset Management