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 email@example.com 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 firstname.lastname@example.org.