Inventory certifications must be completed by October 31, 2026. Signatures from both the asset representative and the department head or delegate must be included by this date.
To check your organization’s certification status, visit the Cycle Codes 2 Due spreadsheet. Filter by Department Name or Division Name to find your status.
This information is applicable for departments withagency 5xxxx funds.
A new account, 300002 - Agency Carryforward, has been created to uniquely identify the net position balance of Agency funds.
In the Oct-26 period the previous carryforward balances (posted to account 440001 in Jul-26) will be reversed and re-posted using the new account 300002.
Any PPM project with erroneous automated task budget adjustments created in Jul-26 will also see those budgets corrected when the journals are posted.
The UC Davis Finance and Business Inventory Management team is excited to announce the Capital Equipment Webinar Series designed to help UC Davis staff successfully purchase, manage, and retire capital assets and successfully navigate the biennial equipment certification. The concepts and processes taught in these webinars are meant to help departments speed up acquisition of new capital equipment, successfully navigate the biennial equipment certification, and avoid time consuming audit findings.
In the recent Oracle 26B release, Department P&L Reports that are exported to Microsoft Excel are displayed on multiple tabs by default to prevent long-page printouts. To display the report on a single tab, you must set the Print Engine reporting preference before running the report. For instructions, see KB0009758 Run the Department P&L Report.
After a period closes, any FITS transactions still in “pending” status become “stale” and can no longer be approved. Attempting to approve a stale transaction results in an error. Since submitted transactions cannot be edited, initiators need to resubmit stale transactions using an accounting date within the current open period.
The customer request form, used to request and update new customers for Accounts Receivable, has been revised. The updated form now includes collector group information and should be used for all future customer request submissions.
In addition to the new collector group information, the form has been streamlined to remove unnecessary fields and clarify several other fields to improve usability and efficiency for departments submitting requests.
Learn how teams in Accounting and Financial Reporting and the Office of Business Transformation are helping staff build essential accounting knowledge for everyday work in Aggie Enterprise.
Each year, accounting and financial staff at UC Davis await the release of the new fiscal close calendar. The calendar contains a list of tasks that must be completed, approved, and posted by specific deadlines. Just as important, it helps the university close the fiscal year accurately and on time.
Fund 2000B is reserved for sponsored projects under contracts and grants only. However, some non-sponsored project expenses were posted to Fund 2000B. In this webinar, we explain the impact of this error and walk you through how to identify and clear inappropriate expenses in Fund 2000B.
In this session of the Accounting Fundamentals Series, we look at the concept of accrual-based accounting and how it differs from cash-based accounting. We also examine accrual-adjusting journal entries, discuss why reversing journal entries are used with accrual-adjusting entries, and walk through basic scenarios. This session is designed for learners with little to no accounting background.
