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University of Oklahoma Norman Campus Financial Services

Welcome to the University of Oklahoma Norman Campus Financial Services website!

Financial Services is responsible for providing reliable financial reporting for the University and administering the University’s financial  systems. We also process payments in our Accounts Payable area and administer the Concur system for booking and reporting travel activity. On this website you will find policies, procedures, forms, and information about the systems that we administer and other services we perform.

We strive to provide our services in a high-quality and responsive manner and hope you will find the information provided here to be helpful and relevant. For general questions regarding our website or its content, please e-mail fss@ou.edu.

Updates and News

Financial Services website is currently under construction and being updated to reflect new Compass policies and resources. Please check back often to see revised data.

In the meantime, for all new training information please refer to the link found under Compass Project Information and Town Hall.

September Reconciliation

The financial activity for the month of September has been closed

As you begin your reconciliation process, please note the following items:

refsinfo@ou.edu - questions concerning SPNSR and SP490 fund activity, please contact Research Financial Services

fsgen@ou.edu - questions concerning non-SPNSR/SP490 fund activity (e.g., MISCA, EDGEN, OUFND, etc. funds), please contact General Accounting

fsauxacct@ou.edu - questions concerning auxiliary/service unit invoices or SUAUX fund activity, please contact Service Unit Accounting

askpurchasing@ouhsc.edu - questions concerning requisitions or purchase orders, please contact Purchasing

fsaccountspayable@ou.edu - questions concerning vouchers, please contact Accounts Payable

ADDITIONAL IMPORTANT QUERIES that were mentioned in our latest ASK THE EXPERT CALL; These queries will give you additional information on Reqs and Purchase Orders. Please check them out and let us know what additional needs you have for queries:
OU_BUD_REQ_PO
OU_BUD_REQ_PO_SP
OU_REQ_PURCHASE_INFO
OU_PO_DATA
OU_PO_REQ_INFO
OU_PO_REQ_INFO_ORG

IMPORTANT INFORMATION

Denied Status of Cost Transfers

The Denied Status of Cost Transfers has been updated.
A complete job aid can be reviewed here: Denied Cost Transfers
When a CT or PR is denied, the original entry person will be able to open the transfer and:
    Review the denied comments
    Click the recycle button
    Make the required updates
    Submit for approval

nVISION REPORTS

Please be aware that month-end nVision reporting information has not been completed. The nVision reports will be available once all supporting trees and data are available to process them.

 

Compass Project Information and Town Hall

06/30/2020

Financial Services Information through 06/30/2020

June department statements are final as of July 6, 6:00AM.

The navigation path for the reports is as follows: General Ledger>OU GL Reports. Remember to enter fiscal year 2020 and period 12 to get June 2020 statements. If you want a detail listing of all transactions, click on the box next to "Show Detail".

If you have any questions about your statements, please send an email to fss@ou.edu or call Financial Services at 325-3021

Discretionary Spending Restrictions

Due to changes in tax laws resulting from the Tax Cuts and Jobs Act passed in December 2017, the University of Oklahoma has implemented new policies and procedures for payment of employee moving expenses.  Under the new law, all moving expenses, whether reimbursed directly to an employee or paid to a vendor on behalf of an individual, are includable in the employee’s gross income.  These payments will be reported on the employee’s W-2 and be subject to federal and state income tax and FICA withholding. 

For payments directly to individuals, departments should complete the new University of Oklahoma – Employee Moving Expense Payment form (available on the Financial Services website) and submit the completed form to Payroll and Employee Services.  For payments to third party vendors, departments should complete the new Moving Expense Vendor Payment Request form in CrimsonCorner.

For additional information, please refer to the following documents available on the Financial Services website. Moving Expenses Policy and Moving Expenses Procedures here.

If you have questions regarding the new policy and procedures, please e-mail Financial Services at fss@ou.edu.