As of Tuesday, July 21, 2026, the Health System is required to use the cost center or funds transfer journal sources to post lines to the University company. Previously, Central Accounting approved these entries. This change ensures transactions appropriately route to the impacted University Cost Center Manager for approval and ensures any funds transfers are properly balanced. Important notes are listed below.
- While this change predominantly affects College of Nursing, College of Medicine, and the Office of Health Sciences, it can impact any unit interacting with the Health System or OSUP.
- This change does not apply to entries on the FD108 (Designated Practice Fund).
- It is important to note that once journals cross companies (OSUHS or OSUP to UNIV), the UNIV company cannot send it back for updates due to workday limitations. However, if the journal is denied, the initiator will receive a workday notification, and can copy the journal, make necessary updates, and resubmit (as appropriate).
- If you receive these entries for approval, it is critical to review and act on them timely, well in advance of Business Day 5 of close to avoid cancellations and issues at month end.