Types of Budgets Advantages of PSoft 8.9 Budget Overview (Approp, Rev, Proj/Grt Status Reports) Budget Transaction Detail Report Comprehensive Financial Report Open Encumbrance Report
TYPEDESCRIPTIONKEYS Appropriation Highest level of budgeting Establish budgets for money authorized for expenditures for a specific purpose during a specific period of time. Fund, Department, Program, Class, Account Project/Grant Control expenditures specifically for a grant (sponsored project). Fund, Department, Program, Class, Proj/Grant, Account Revenue Estimate Track revenues recognized and cash collected against estimated revenues. Fund, Department or All Depts, Program (00000) except for Auxiliary Funds, Class, Account
Lists the status of Appropriation budgets May view total budgeted amounts (spending authority amount), pre- encumbered, encumbered, and expended amounts, and the remaining spending amounts Lists budget amounts by Fund, Department, Program, Class, Appropriation Account, and Budget Period Provided Totals by fund and budget period, and grand total by business unit
Lists the status of revenue estimate budgets View the total estimated revenue amounts, revenue recognized amounts, unrecognized amounts, and cash collected amounts Listed by Fund, Department, Class, Program (00000), Account, and Budget Period Subtotals by account, and total by fund and business unit
Lists the status of project/grant budgets Similar to the Appropriation Status Report View by Fund, Department, Program, Class, Account, and Budget Period Lists the total budget line amount, pre- encumbered amount, encumbered amount, expended amount, and remaining amount Total by grant and business unit
Save paper Copy to excel PDF files Save time Drill down to detail Reduce the use of several different queries
PSoft 7.5 Navigation GO – PROCESS FINANCIAL INFORMATION – ANALYZE CONTROLLED BUDGETS – REPORTS – APPROPRIATION STATUS PSoft 8.9 Navigation COMMITMENT CONTROL – REVIEW BUDGET ACTIVITIES – BUDGET OVERVIEW
Use for all 7.5 Budget Status Reports Organization Budget Status Report, Revenue Estimate Status Report, & Project/Grant Budget Status Report Choose different Ledger Groups and Accounts. Appropriation Budget Ledger (APPROP) Project/Grant Budget Ledger (PROJ_GRT) Revenue Estimate Budget Ledger (REVEST)
Can drill down to the Budget Journal, Voucher, Journal, PO or Req
Tran Line Docume nt Label Docume nt ID Ref Bdgt? AccountFundDept Progra m ClassBud Ref Budget Period YearPeriod Foreign Amount Moneta ry Amount Tran ID Tran Date 176 Journal ID: APP_EN _ZERN , USD - 13, USD /20/ Purchas e Order: N USD /6/ Purchas e Order: A N USD528USD /6/ Purchas e Order: A N , USD 1, USD /6/ Purchas e Order: D N USD175USD /6/ Purchas e Order: D N USD /6/ Purchas e Order: D N , USD 7, USD /6/ Purchas e Order: D AN , USD 4, USD /6/ Purchas e Order: E N USD475.12USD /6/ Purchas e Order: E N , USD 1, USD /6/ Purchas e Order: B N USD /18/20 08
The Budget Transaction Detail Report and Comprehensive Financial Report run using the date the transaction were budget checked. During conversion ALL transactions will be re- budget checked. This will cause the date on these reports to be between 11/01/2008 and 11/06/2008, which is during the upgrade conversion process. If prior period information with the original budget-checked date is needed, please print these reports from V7.5.
GO – PROCESS FINANCIAL INFORMATION – ANALYZE CONTROLLED BUDGETS – REPORTS – BUDGET TRANSACTION DETAIL COMMITMENT CONTROL – BUDGET REPORTS - BUDGET TRANSACTION DETAIL REPORT
SQR Reports Such as the Budget Transaction Detail Report and Comprehensive Financial Report. Will need to be run on the PSUNX Server. Viewed by going to the Report Manager. Crystal Reports Such as the Open Encumbrance Report. Will need to be run on the PSNT Server. Also viewed by going to the Report Manager.
Provides the user with static financial data for a specified accounting period and year Provides summary and detail data of AR activity, Revenue activity, Direct and Indirect Expenses Department level security enables the user to only run the report for their designated departments Report provides data for all chartfield combinations for the selected department and is grouped by CFCs
GO – MCG INTERFACE & REPORTS – REPORTS –COMP FINANCIAL REPORT MCG COMPONENTS-MCG INTERFACES REPORTS-REPORT- COMP FINANCIAL RPT
Heading – Contains the current Chartfield Combination, Budget Period, Fiscal Year, and Accounting Period (with month; ex. 01 = July) Summary Revenue – Provides budget and revenue totals for Operating and NonOperating Revenues for fund 120XX,140XX,160XX, and 10XXX with class of 41XXX only A/R – Provides totals for cash receipts (beginning balance, activity, and ending balance) for fund and only Expenses Direct – Personal Services, Travel, Operating Supplies, and Capital Expenses totals for budget, encumbrances, and expenses Indirect – Totals for indirect budgets, encumbrances, and expenses
Encumbrance and Pre-encumbrance detail transactions will include an ‘E’ or ‘P’ respectively after the amount to distinguish them The A/R Section reflects all A/R transactions for the Grant – not just the requested departments transactions. The A/R Balances/Amounts only reflect the MCG portion of the receivable
For the go-live conversion process, all open encumbrances (POs) will be closed and re-entered manually by Materials Management (Purchasing). The Go-live date for the system will be November 10th; however, the estimated date of completion for the re-entry of all open encumbrances (POs) will be November 16th. Materials Management will contact the campus users once this re- entry process is completed. During this time between November 10th and the completion of the re-entry of all the POs, the reports that you print out in V8.9 will NOT reflect the true available budget that you have remaining nor show all of your encumbered POs. It is recommended that departments print reports from V7.5 as of the end of October to keep track of their budgets during this transitional period. Once all of the encumbrances (POs) are re-entered, then the V8.9 reports will reflect your true remaining budget and encumbrances.
Lists all Purchase Orders with their remaining balances Includes purchase order, vendor name, account, budget period, remaining lines on PO and amount
Open Encumbrance GO – MCG INTERFACE & REPORTS – REPORTS –OPEN ENCUMBRANCE MCG COMPONENTS-MCG INTERFACES REPORTS-REPORT- OPEN ENCUMBRANCE
Can be found peoplesoft_v89.htm peoplesoft_v89.htm Under Commitment Control-Inquiries KK_060_001 - Running Appropriation Budget Inquiries KK_060_001 - Running Appropriation Budget Inquiries KK_060_003 - Running Revenue Estimate Budget Inquiries KK_060_003 - Running Revenue Estimate Budget Inquiries KK_060_004 - Running Grant Budget Inquiries KK_060_004 - Running Grant Budget Inquiries Under Commitment Control-Reports KK_070_019 - Running Budget Transaction Detail Reports KK_070_019 - Running Budget Transaction Detail Reports
Able to view all of the various calendars tm tm Able to access all forms/regulations/contacts relevant to Accounts Payable, Payroll, Travel, and Financial Accounting Sponsored Program Administration website cct/ cct/ Board of Regents Business Procedures Manual
This concludes the PeopleSoft Financial Reports and Inquiry Training. If you have any questions or comments you may contact Laura Craft at , You may also find additional information, on the PeopleSoft website: Thank you