Recent Posts

4% Withholding on Out-of-State Suppliers

Written by Andrew Coats. This month’s Finance Division Knowledge Base topic spotlight is on North Carolina’s 4% withholding tax rate on out-of-state suppliers.  The North...

Contracts and Grants in Foreign Currency

Written by Justo Torres, Director, Contracts and Grants This month’s Finance Division Knowledge Base spotlight is on sponsored projects awarded in foreign currency Accepting contracts...

Shipping through FedEx Made Simple

Written by Chanelle Corpening. FedEx Shipping is a service that allows employees to ship goods or documents. There are several FedEx shipping services available through...

Year End Foundation Project Balances

Written by Emily Lowman. Did you know that balances in Foundation (Ledger 6) and The Endowment Fund (subset of Ledger 7) projects roll forward annually?...

Setoff Debt Collection Act (SODCA)

Written by Lorraine De Lois. Pursuant to General Statute 105A, the Setoff Debt Collection Act (SODCA) program allows state and local agencies to file claims...

Taxable Awards and Gift Cards

Written by Andrew Coats. Employees who are given cash and non-cash items such as gifts, prizes and awards that are paid with university funds (i.e....

How Are Payments from Federal Sponsors Managed?

Written by Justo Torres, Director, Contracts and Grants. Principal Investigators (PIs) or department/college administrators of a federal contract or grant often say, “I keep hearing...

How to Unreconcile PCard Transactions

Written by Joel Bristol. Did you know that you can unreconcile PCard transactions? Yes, as long as this is corrected on the same business day...