Accounting Forms
In order to provide appropriate information in the People Soft Financial System, for reports and to satisfy a FY12 audit request, specific information is needed to be included on Interdepartmental Billings, Cost Transfers, Cash Transfers, Correcting Entries, Journal Vouchers, and Spreadsheet Import (SSI) journals. This will allow better identification as to the purpose of the journal, as well as the type of journal that is being entered.
Questions on Accounting Forms?
Contact the Accounting Office at 701-231-7432 or ndsu.accounting@ndsu.edu
Please be sure to give a very descriptive statement as to the purpose of the entry. The descriptions should answer the questions of who, what, where, why and when. This is an important step in the auditing process, not only for NDSU, but also to satisfy the auditor requests when they are pulling samples for review.
Interdepartmental Billing
Cash Transfers
Cost Transfers
Correct Entry
Other
INTERDEPARTMENTAL BILLINGS (IB), are just that, sales of service and/or products between departments within NDSU. An interdepartmental revenue code (account code 479XXX ) will be the account code used by the department providing the service/product and an expense code, most appropriate to the service/product received should be used by the receiving department. The revenue codes are pre-filled on the IB form – the most common one to use is 479010. The description should include information pertaining to invoice number/date or statement period, etc. An example:
MEMORIAL UNION EVENT SERVICES BILLING, INV #MUS1234 DATED 9-1-12 – GREAT ROOM FOR FALL STAFF TRAINING ON 8-15-12
CASH TRANSFER (CA) - are transactions where one fund is transferring cash to another fund – local funds only. Be descriptive as to why the cash is being transferred and include a reference to the date the transfer is covering. The account codes for this type of entry are always 722005 for the fund giving the cash, and 490002 for the fund receiving the cash, and are pre-filled on the form. An example of the description:
TO TRANSFER FUNDS FOR SALARY/OPERATING SUPPORT FOR FY2013
COST TRANSFER (CO) –occurs when one fund has incurred an expense that they need to re-allocate to other funds/departments. These transactions include expense codes only, moving costs from a fund/project to another. Reference the original entry AP Voucher number/IDB #/SSI journal # and date (The accounting date, not posted date). An example:
TO REALLOCATE COST OF SERVICES & CALIBRATION OF BALANCES, SCALES & PIPETTES BILLED ON NBS CALIBRATION INV #285425 AND PAID ON APV #00654321 DATED 8-15-12
CORRECT ENTRY (CE) –is created to correct an entry that has previously occurred in the Psoft Finance system using the wrong account codes or funding or errors due to keying error(s) on a previous Interdepartment Form or SSI journal. The Interdepartment Form number or SSI Journal number and date need to be referenced in the description. An example:
TO CORRECT FUNDING ERROR ON NDSU BOOKSTORE PURCHASE. WRONG FUNDING USED. REF: IDBXXXXXX/2-2-15
Since the form is set up to work with expenses, when correcting a deposit or revenue amount, the entry needs to be “flipped”. The old funding information would be entered into the “Receiving Department” area and you would include the Original Document ID and Date in the Additional Information area. The new funding would then be filled out in the “Originating Department” area.
OTHER - There is not a separate accounting form for an entry that would be classified as “OTHER” at this time. It applies to anything that doesn’t fit into the above definitions. This category will seldom be used as the majority of entries are for any of the above 4 categories. If you should have this type of entry to process it may be best to use the Spreadsheet Import journal.
An example of an “OTHER” journal entry would be an entry for adjusting sales tax from revenues (this entry should be done on a Spreadsheet Import per Sales Tax instructions):
REALLOCATE SALES TAXES FROM REVENUES TO SALES TAX PAYABLE FOR PERIOD JUNE 1 – 30, 2013.
JOURNAL VOUCHER - Use a Journal Voucher to correct existing AP Voucher payments, Travel/Expense Reports, and Purchasing Card transactions. A Journal Voucher is NOT to be used to correct general ledger entries such as IDBs, FAMIS, CATERING, and TELECOM/IT.
FOR ALL PAPER ACCOUNTING FORMS: Enter all dollar amounts as positive numbers. Do not use negative dollar amounts on any of the paper accounting forms, such as -10.00 or (10.00). When keying these entries into PeopleSoft, the Accounting Department enters the dollar amounts in the top section as a positive number and the bottom section as negative, so the entry will balance to zero.
So, for any “credits” you may receive, which need to be corrected, either on a Journal Voucher or Correcting Entry Request form, the correct funding information would be shown in the “Originating” dept and the original funding information would be filled in the “Receiving” dept. section. Reference the original transaction with the PeopleSoft Reference Document # as shown on your Budget Transaction Detail and Date information in the area requested and/or the "Additional Info if Needed" column.
Route the form to the appropriate office for review/auditing before it is sent to the Accounting Office for audit and entry into the general ledger:
- If the transfer is charging a grant (ex: fund range 40000-49999 and project # starts with FAR00…..), route to the Grants & Contracts Accounting Office.
- If the transfer is charging a non-grant, Ag department only (ex: departments 7000-7980), route to the Ag Budget office.
- If the transfer is charging a non-grant, non- Ag department, route directly to the Accounting Office.
For all forms, proper documentation to support the transaction is required. Each form has an “INSTRUCTIONS” link to follow if you have questions.
ACCOUNT CODES – Listing of account codes and their definitions may be found on the Accounting Office website: https://www.ndsu.edu/accounting/gl/accounts/
SPREADSHEET IMPORT TEMPLATE – may also be found, along with instructions, on the Accounting Forms page.
Select “SPREADSHEET IMPORT TEMPLATE” – (ALWAYS SELECT A NEW TEMPLATE FOR EACH JOURNAL YOU PREPARE.) The spreadsheet imports are an electronic version of the Accounting Forms. It can be used for all types of entries. They are especially useful and more efficient when doing cash or cost transfer, or a correcting entry within your own funds. There is a drop-down menu to choose which category of entry you are making. A full explanation is required, including detailed information for each type of entry. This template will automatically fill in the required cells as you type in the funding and dollar amount information for your entry. The auto-fill cells are required to import into PeopleSoft correctly and should not be removed, or re-formatted. Do not “Unprotect” the worksheet for any reason. If you copy/paste from one worksheet to the template make sure you use the “Destination” formatting option for pasting.
The “Description” column (P) should be used to fill in the original payment information when doing a Correct Entry or Cost Transfer. For example, when a purchase that was originally paid by a local fund needs to be distributed to different projects/funds, then fill in column P with something like this: REDIST TELECOM/IT 5-31-18; or as shown below. Just remember that this column is limited to 30 characters. It will show up on a Budget Transaction report, so each line is its own description – do not try to put a lengthy description in the column over several lines to explain the entire entry.
For a billing, the invoice/date information could be included in the “Description” column, or for a Cash Transfer , something such as “Indirects for May, 2018”, or “Operational Support FY19, could be used.
When completing this template it is important to remember that the dollar amounts, when totaled, must equal zero. Any line that would fall under the “funds to be credited” section of an Accounting Form needs to be filled in on the template as a negative number. Any dollar amount that would be included in the top “funds to be charged” section is always a positive number. At the top of the form to the right of the description column, there is a cell stating “TOTAL OF AMOUNT COLUMN MUST EQUAL $0.00 – and will show you if you are not in balance.
Submit an SSI journal entry by attaching the prepared template and sending to the Accounting Dept. one journal entry per email to ndsu.accounting.ssi@ndsu.edu If the entry is a billing to another department, send to that department first with instructions for them to complete their funding information, save and reattach journal to your email and then to forward to the Accounting department email above. Persons sending the journal need to be on their department’s Authorized Signature list.
If you would like to learn more about the use of the Spreadsheet Import template or have any questions on preparing one, please call the Accounting Office at 231-7432 or email at ndsu.accounting.ssi@ndsu.edu
BOOKSTORE INTERDEPARTMENTAL BILLING SPREADSHEET IMPORT - please see instructions on the Bookstore's website: https://www.ndsubookstore.com/inter-departmentalbilling
If you have any questions regarding this process, please contact ndsu.bookstore.accounting@ndsu.edu