Tagged: Finance

The Controller’s Office has updated spend and revenue category definitions for FY27 to support more consistent category usage across the university. These enhancements will improve data quality for reporting, analytics, and compliance while also providing greater visibility into downstream impacts, including asset registration and 1099/1042-S tax reporting. Learn more about the changes and how they may affect your work.

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 and details are listed in the full post.

The detailed FY27 period close and department fiscal payroll processing calendar has been published and is now available on the Controller's website. See full post for the website link. There are several key changes to be aware of beginning with the July FY27 monthly close. Be sure to review the full post and the Controller's website for more details. It is important to note that activity must be submitted and fully approved by the deadlines specified in the close calendar to post to the month being closed.

The Ohio Department of Taxation has announced a Back-to-School Sales Tax Holiday from 12:00 a.m. Friday, August 7, through 11:59 p.m. Sunday, August 9, 2026. Qualifying items that may be purchased tax-free include: clothing priced at $75 or less per item, school supplies priced at $20 or less per item, and school instructional materials priced at $20 or less per item. See the full post for more details.

Please note that the equity roll-forward of FY27 beginning equity balances will not occur until after second close, which is at 5 p.m. on the evening of July 20, 2026. As a result, reporting will be affected until the equity roll-forward process is complete. 

The detailed FY27 period close and department fiscal payroll processing calendar has been published and is now available on the Controller's website. See full post for the website link. There are several key changes to be aware of for the period close process, beginning with the July FY27 monthly close. Again, see the Controller's website for more details. It is important to note that activity must be submitted and fully approved by the deadlines specified in the close calendar to post to the month being closed.

As a reminder, the April Finance Office Hours session will be held from 3 p.m. - 4 p.m. on Tuesday, April 21. See the full post for information on how to join.

The Controller’s Office is implementing an initiative to define spend and revenue categories with the goal of enhancing the accuracy of financial and tax reporting (where applicable). By providing clear definitions and guidance, this effort will aid end users with proper category selection and provide greater insight into how category attributes impact Workday reporting and processes downstream. See the full post for a list of changes that will be implemented over the next several months and completed by July 1, 2026.

The Controller’s Office has recently reviewed and updated all Payroll Accounting related job aids and Frequently Asked Questions available on the Administrative Resource Center (ARC) to ensure the most current processes and guidance are reflected. Payroll accounting Tips and Tricks pages have also been updated to help end users navigate this complex area. All end users who support or interact with payroll accounting activities are encouraged to reference the updated job aids and tips and tricks as needed. See full post for links.

Build confidence in earnings operations with the Earnings Operations Curriculum, a flexible learning pathway for those who support or manage earnings activities. Choose short, focused modules on core finance and fiscal topics that impact earnings operations across the university. Take the courses that fit your role and tailor learning to what matters most. Read the full post for details on what courses are included.