Accounting Services

The Business Purpose Guide has been updated to enhance and clarify the requirements for a business purpose on all financial transactions, making it easier for users when completing their documentation.

The University of Arizona is committed to providing employees with important benefits such as health insurance, retirement plans, worker’s compensation, liability insurance, and more. These benefits enable us to maintain a competitive position in the workforce and among higher education institutions. Maintaining stable rates for these expenses is challenging, given increased costs and employment changes.

To create a better experience for our campus and external customers, Financial Services is conducting an audit of its network of websites.

The University of Arizona has now issued its fiscal year 2021 Annual Comprehensive Financial Report (ACFR).

Financial Services and Sponsored Project Services, in conjunction with University Analytics and Institutional Research (UAIR), have developed a new UAccess Analytics dashboard page to help Fiscal Officers manage open Operational Advances.

Effective July 19, 2021, Object Code 5720 should no longer be used for equipment purchases.

The Employee Related Expense (ERE) rates used by the University must be negotiated through the United States Department of Health and Human Services, Cost Allocation Services; this negotiation has been successfully completed.

Effective immediately, the Government Finance Officers Association (GFOA) is asking all government finance professionals and industry affiliates to stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report.

Effective July 1, 2021, the Financial Services Property Management team will discontinue issuing N-tags for all University-owned non-capital computers and computer peripherals costing less than $5,000 with no sponsor funding.

The University of Arizona receives Automated Clearing House (ACH) and wire payments that post in the UAccess Financials Electronic Payment Claim area.  There are 40 payments dating back to August of 2018 that remain unclaimed and require immediate review before they are sent back to its origination.