Shared Services Center

Financial oversight includes these components:

The purpose of financial reporting is to provide relevant, reliable, and comparable financial information in a structured, easy-to-understand form that conveys the performance and changes in a unit's financial position and that can be used to inform the decision-making process.

Note: Financial reporting support can be provided independent of the other support service components.

The annual operating budget process determines an annual spending plan based on strategic objectives, known and anticipated revenues and expenses, and day-to-day operational costs of the unit.

The University Longview budget management tool will reflect a unit's expenditure plans for the next fiscal year, but ideally, a multiyear budget plan is in place.

The following service options are available for the annual budget:

The Financial Management & Reporting team processes the following year-end e-docs to complete fiscal year-end closing:

• Auxiliary Voucher (AV)
• General Ledger Transfer (GLT)
• Year End Budget Adjustment (YEBA)
• Year End Distribution of Income and Expense (YEDI)
• Year End Transfer of Funds (YETF)
• Year End Benefit Expense Transfer (YEBT)
• Year End Salary Expense Transfer (YEST)

Transaction requests should be sent through TeamDynamix for timely processing.

The Travel and Training team in the Shared Services Center supports the Concur system and business travel at Cornell.

Before traveling, familiarize yourself with the following:

• Post positions in the student employment system
• Verify student employment and federal work-study eligibility
• Appoint and maintain students in Workday
• Process costing allocation adjustments
• Post awards, grants, stipends, tuition, and health insurance credits to students' bursar accounts

Cardhoder

• Read and understand University Policy 3.25, Procurement of Goods and Services and the "Procurement Card" section of the Cornell Procurement Services' Buying Manual
• Complete the PCard Purchase Documentation Submission form within 10-days of the original transaction. Include with the form: