Fiscal Introduction for Full Time Faculty
Quick Links for FT Faculty
Purchasing via iBuy
(1st option for all expenses; consult your home department)
Polices for FT Faculty
Contact Us
Please contact your home department or A&S Fiscal Affairs if you have any questions or are in need of additional guidance
Reimbursements for FT Faculty
In accordance with NYU policy, reimbursements are a last resort. The NYU purchasing system (iBuy) or an NYU credit card (Travel & Expense "T&E" card) should be used. All faculty are automatically provided the role of "shopper" in iBuy
iTravel & Expense (Concur) is the software system used to submit all reimbursement requests. Please review the details below to process your proposed reimbursement
Key Policies & Guidelines
All reimbursements must adhere to NYU and A&S policy guidelines and require a business/teaching/research justification. Please see our guidelines for Research & Professional Development Funds as well as the Dean's Memo & Guidelines for Business Expenses
It is always best to request pre-approval if you are not sure an expense complies with policy. More policy highlights are provided below
All reimbursements must be submitted within 60 days of the expense date or return from travel date. Late submissions may be not be reimbursable or may be subject to taxes on imputed income toward the purchaser per federal IRS guidelines. Departments typically have internal deadlines in advance of 60 days to ensure timely submission
iTravel & Expense (Concur) does not support travel advances. Travel reimbursements must wait until the trip is completed and be submitted within 60 days of the travel end date. On the other hand, NYU credit cards (T&E cards) are reconciled monthly as the transactions are charged directly to NYU
All reimbursements require itemized receipts with payment confirmation (i.e., the receipts should show the method of payment, for example the last 4 digits of a credit card number)
Direct deposit for reimbursements is a separate process to direct deposit for salary. Please see the direct deposit instructions here
60 Day Deadline
All reimbursements must be submitted within 60 days of the expense date or return from travel date. Late submissions may be not be reimbursable or may be subject to taxes on imputed income toward the purchaser per federal IRS guidelines. Departments typically have internal deadlines in advance of 60 days to ensure timely submission
Alcohol
The use of alcohol for business meals and entertainment purposes should be kept to a minimum and must comply with the policy on Substance Abuse and Alcoholic Beverages
NYU recommends a maximum of two drinks per person at events/meals
Alcohol charges are generally unallowable on Federally funded awards (Fund 25)
Books & Subscriptions
Subscriptions are allowed for teaching/research related subscriptions, such as “Economics Today,” but not for general use subscriptions such as the Wall Street Journal and the NYTimes. General use subscriptions have too much risk of personal use from a compliance perspective
NYU provides free access to the NYTimes and WSJ
Books should be purchased via Amazon Business through iBuy. Reimbursement is allowable as a method to purchase books, but iBuy is preferred
Computers & Tech
Computers and other technology (including Apple products) should be purchased through NYU iBuy per the policy on Computer & Software purchases. Computers should not be purchased directly using a personal credit card. Mobile phones, personal printers and home office equipment/furniture are also not supported/reimbursable
Field or Archive Work
For research trips that are not related to an event/conference, but are related to archive or field work:
Please create a research itinerary for the trip and delineate the proposed personal vs research days. The Department Chair can then confirm the project and the itinerary
Note that per diem is typically not allowed during research leaves and sabbaticals. Faculty can claim business meals if these are documented
Housing is also limited to two months during sabbaticals and leaves, per our clarification communication
Flight & Hotel Cost Limits
All business travelers are expected to travel via economy flights or trains using mid-range hotels.
If purchased outside of the Concur travel tool, hotel reimbursements are capped at the GSA per diem rates for domestic or $300/day for international
If the funding source is a sponsored project (Funds 24/25), then hotels are capped at the GSA per diem rates for domestic and Department of State rates for international. Only economy flights and trains are allowable on sponsored projects
Exceptions are granted to travel premium economy and business class under certain circumstances. First class travel is never allowable. Cost caps for non-economy travel are outlined in the NYU Travel & Expense Policy. Please also see the Dean's Memo & Guidelines for Business Expenses for additional exceptions within Arts & Science
Furniture for Offices
Home office furniture, including printers, are not supported by Arts & Science
All on-campus office furniture purchases and renovations must be approved by Lisa Huntington, Senior Director, Space Planning
Furniture for medical reasons must be first approved by the Office of Equal Opportunity
iBuy must be used for all purchases
Independent Contractors
Payments to independent contractors must comply with NYU's policies and must be paid through iBuy and not via personal check
Meals & Per Diem
Business meals have different guidelines to meals while traveling for business, research or professional development. NYU strictly caps tips at 20% pre-tax
Meals while traveling may be processed as per diem or as reimbursement for actual expenses.
Domestic travel meals should follow the GSA per diem rates or if using actual expenses should not be more than $75 USD/day
International travel meals should follow the Department of State per diem rates or if using actual expenses should not be more than $125/day USD
Travelers cannot switch between per diem and actuals in the same trip. The Concur software system pre-populates per diem rates where applicable.
Business meals (non-travel) are subject to different cost limitations and attendee restrictions
Business breakfast or lunch should not exceed $50 USD per person (approx. $35 excluding tax & tip)
Business dinner should not exceed $100 USD per person (approx. $75 excluding tax & tip)
Business meal caps (above) should not be used for meals while traveling
There should be no more than four (4) NYU hosts per external guest for business related lunch or dinner meetings or events (excluding students)
The most senior representative present for meals must submit the expense
The Dean's Memo & Guidelines for Business Expenses provides higher thresholds for "strategic" meals, such as faculty recruitment or the hosting of visiting scholars
Venmo & PayPal
PayPal, Venmo and other 3rd party payment apps are typically not allowable. See PayPal policy
FAQs
Please review our guidelines for Research & Professional Development Funds for full policy descriptions
For A&S specific exceptions, please review the Dean's Memo & Guidelines for Business Expenses
For additional requests, please contact your home department or A&S Fiscal Affairs (fas.fiscal@nyu.edu)
Submitting your Reimbursement
All faculty have access to submit their reimbursement requests directly into NYU's system, iTravel & Expense (Concur)
Some departments are able to provide administrative assistance with submitting reimbursements. For example, faculty may assign a "delegate" to prepare their reimbursements on their behalf. Please contact your home department for guidance and see the following training resources for assigning a delegate (PDF; Video)
To submit a reimbursement:
1. Log into Travel and Expense (Concur) via NYU Home
2. Click "+ New" --> "Start a Report"
3. Enter a detailed business justification and update the funding source (chartfield)
4. Follow additional guidance on the NYU T&E Guide
Approvals Process after Submission
Department Administrators and Directors may approve reimbursements and credit card reconciliations up to $2,500. All higher dollar requests must be also approved by A&S Fiscal Affairs and will be reviewed for policy compliance. It is always best to request pre-approval if you are not sure an expense complies with policy
Sponsored research expenses (Funds 24 and 25, government grants and foundations) must also be approved by the faculty primary investigator (PI). Approval workflow diagrams provide additional details