| NEWS |
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| The Fiscal Year 2009 Payroll Load Rates are now available. The 2009 rates are effective starting July 1, 2008 and will be in effect through June 30, 2009. |
| Financial Accounting needs your help to adjust the year-end reporting balances, so we have sent out surveys requesting Accounts Receivable, Inventory, and Deferred Revenue balances. Please review the information about these Annual Surveys for information about when they were sent, and to find out whether they apply to your department. |
| Here is some helpful information about Budget Number prefixes, and how they can help you identify the type of budget by its prefix: Budget Number Prefix Identifiers |
| Need some information about year-end closing? The July Close Calendar and the August Close Calendar is now available. |
| If your budget receives late charges from a CTI or ISD, please let us know so that we can better identify departments with late charges and educate campus on the importance of timely billing. Please send an email to Financial Accounting at accountg@u.washington.edu with the following information: 1) Your budget number, 2) Month the late charge was posted to your budget, 3) Transaction amount, and 4) CTI or ISD number. |
Please Help Us
Does your department have Accounts Receivable, Inventory, or Deferred Revenue balances? Please see the information about Financial Accounting's Annual Surveys .
Welcome to Financial Accounting! You found the right people if you are looking for:
If you haven't received your BAR or BSR, or wish to suppress your printed report, visit Requesting a BAR or BSR Copy at Accounts Payable.
OR, you are curious about what we do.
We are available
Monday - Friday, 8:00 AM to 5:00 PM
go down the steps to the lower level and turn left to the receptionist's desk.
| Section | Phone | Fax | |
|---|---|---|---|
| Financial Accounting and Reporting | accountg@u.washington.edu | (206) 221-7845 | (206) 543-3862 |
| Tax Office | taxofc@u.washington.edu | (206) 616-3003 | (206) 543-3862 |
| State Financial Reporting | accountg@u.washington.edu | (206) 543-8807 | (206) 543-3862 |
| Cash Management | bankrec@u.washington.edu | (206) 543-8826 | (206) 543-3862 |
Expecting deposits? If you are expecting deposits (wires or ACH) over $50,000 please send email (before 10:00 AM, please) with a subject line of "Cash Flow" to bankrec@u.washington.edu (Knowing about such deposits helps us maximize the University's daily interest earnings.)
The University’s accounting system includes more than 700 General Ledger Accounts, with the responsibility for these accounts in several departments. The integrity of an accounting system and the reports that it generates depend on the accuracy of the ledgers that support it. Therefore, it is crucial that persons responsible for these accounts make sure they are correctly stated by reconciling them to appropriate sources and documenting the reconciliations. To ensure that the accounts are being reconciled and provide assurance that our system is accurate, Financial Accounting coordinates and documents the reconciliation of all general ledger accounts. Please refer to the General Ledger Account Reconciliation Policy.
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People in Financial Accounting spend a lot of time behind the scenes on campus working on the University's -
We communicate timely, accurate, and useful financial information to our process partners and external users. We also prepare information for the following public financial reports:
| Financial Report | Financial Accounting: |
|---|---|
| UW Annual Report |
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| IPEDS |
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| State Financial Reports |
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Financial Accounting exchanges information with many process partners, (for example, the Treasury Office, Capital Projects Accounting and Grant and Contract Accounting) to record the following types of University transactions:
| Category | Financial Accounting: |
|---|---|
| Bonds |
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| Capital Leases |
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| Agency Accounts |
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| Capital Assets |
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Financial Accounting manages and controls cash activities through
