Finance News

Oct 19, 2023

Have you made changes to your direct deposit?

Written by Blake Kannarr. If you have recently made changes to your direct deposit via the MyPack Portal, you may have received a second email about a week after you made the change. This is because University Payroll has implemented a secondary verification email process to ensure that changes were not made via a phishing…

Oct 19, 2023

Meet the Student Accounts Team

Written by Mia Pollard. Student Financial Services Representatives (SFSR) in the University Cashier’s Office manage complex student account issues and process student refunds. SFSRs are available to assist students with navigating their student account and understanding their charges and financial responsibilities. All students on campus interact with our office in some way and will likely…

Sep 26, 2023

Chatting with Myself: Meet Tabitha Groelle

Written by Tabitha Groelle. Over the last eight months I’ve had the opportunity to share with you all information about the senior leadership in the Finance Division. It was fun to sit down and talk one on one about their careers and to learn more about the people themselves. A little about myself… I went…

Sep 26, 2023

Need to Know: FERPA

Written by Mia Pollard. NC State students’ academic records are considered confidential under the Family Educational Rights and Privacy Act (FERPA) of 1974. Under FERPA, schools are required to obtain written consent from students before disclosing any confidential information regarding their account.  Staff in the University Cashier’s Office must check for Parent/Guardian Access and confirm…

Sep 26, 2023

12th Annual MarketPlace Expo

Written by Blain Woods. The MarketPlace is NC State’s one-stop shop for departmental supply purchases. We created the MarketPlace Expo as a space for campus customers to meet MarketPlace representatives in person and to learn about any new products and sevices they are offering. Last year, we welcomed over 500 employees to the virtual and…

Sep 25, 2023

How Much is My Endowment Worth?

Written by Erin Delehanty. Does your department have an endowment held in one of the University’s foundations or the Endowment Fund? Do you know where to go to determine how much it’s worth or want to read the gift agreement? Foundations Accounting & Investments (FAI) has a software tool that you can access to see…

Sep 25, 2023

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 Carolina 4% Withholding Tax is levied upon nonresidents of North Carolina (includes U.S. nonresident aliens) for:  The 1997 session of the General Assembly enacted legislation, General Statute 105-163.3, which requires…

Sep 25, 2023

Purchase Order Invoice Processing

Written by Andrea Turner. Over the past few years, we have seen a lot of change and evolution within Accounts Payable as a result of going paperless. We have had to learn to be flexible and adaptable, and out of this has come innovation and efficiencies.  The PO Invoice Processing has evolved with the rest…

Sep 25, 2023

Contracts and Grants: Changing for the Future

Written by Justo Torres, Director, Contracts and Grants. The only constant is change. With change as a guiding principle, the leadership of the Office of Contracts and Grants (director, associate director and senior fiscal managers) held several planning sessions to evaluate our current structure and to align our future structure to campus’ future needs.   While…

Sep 25, 2023

Meet the Accounts Receivable Team

Written by Misty Wilson. The Accounts Receivable team processes nearly all of the University’s non-student accounts receivable, which are received via check, wire, automated clearing house system (ACH), electronic fund transfer (EFT) and credit card. This includes payments for The College of Veterinary Medicine invoices, Howling Cow Dairy Education Center and Creamery products, McKimmon Center…