The reconciliation of department cost centers are needed to minimize the risk of unauthorized use of funds and to ensure that revenues are properly recorded. Therefore, entries in the PeopleSoft General Ledger (PSGL) must be monitored monthly. For this reason, MAPP has asked that each department develop procedures for monthly verification of each cost center in PSGL with departmental records to ensure accuracy and propriety of the entries.
References:
MAPP 05.04.02, SAM 03.G.01, SAM 03.G.03
Handouts:
Procedures:
PT. I:
Step by Step Reconciliation Using VNet Administration Database
PT. II:
PT. III:
PT. IV:
PT. V:
Request to Budget New Revenue/Fund Balance
PT. VI:
PT. VII:
PT. VIII:
Review and Responsibility:
Approval:
I: Step by Step Reconciliation Using FileMaker Pro VNet
If both the Equity Journal and the Budget Journal do not post in the same period: