Alert

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FY20 Fiscal Year Forced Expense Reconciliation

This message is intended for all University Travel Card cardholders:

It is critical to the University’s financial statements that all expenses are properly recorded as University expenses in a timely fashion. We are requesting your assistance to ensure compliance with our expense reporting policy which states that all travel charges should be expensed within 30 days of the end of a trip. Additionally, Travel Card cardholders are responsible for reconciling all charges on their Travel Card in Concur.

To reconcile outstanding liabilities, PantherExpress Payment Processing has established a procedure to force reconciliation of expenses in the Concur system that will be more than 90-days old on June 30, the end of the fiscal year.

For fiscal year close, this expense reporting procedure applies to any and all travel or Travel Card expenses that were incurred before April 1, 2020 and have not been submitted on an Expense Report in Concur. Please read this email and review the procedure carefully if you have any applicable expenses:

  • If un-submitted charges made prior to April 1, 2020 are for a trip or event that has not yet happened (future flight or conference, for example that has not been cancelled due to COVID-19) and you do not wish to have those charges expensed now, please email Stephanie Ford-Jones, Payment Processing Manager by June 1, to request she excludes those charges from this process. If you are unsure what fiscal year your future travel should be expensed in, please verify with your department.
  • Starting May 4, charges made prior to April 1 will be moved to Expense Reports in Concur. Reports with charges made prior to April 1 that have not been submitted by June 1 will be submitted by Payment Processing during the first two weeks of June. Cardholders should review Expense Reports with any such charges before June 1 and submit them when they are accurate and complete.
  • Cardholders are responsible for ensuring the right account number is selected either by entering the Expense Report themselves or by reviewing and editing the report, as necessary. Failure to do so could result in inaccurate account number assignments and reporting. Travel Card approvers also have system permissions to update the account number on the expense report when approving.
  • Cardholders are responsible for ensuring transactions have appropriate receipts when required. Failure to attach required receipts may result in charges being considered taxable income by the IRS. Cardholders can add receipts after an Expense Report has been submitted and approved.
  • Incorrect account numbers can be corrected by submitting journal entries to the Financial Records Services (FRS) department before June 20, 2020. Journal entries cannot correct charges across fiscal years.

For questions about Concur or expense reporting, please contact Customer Service by submitting an inquiry.