Each faculty member receives an email that contains reports on each of their cost objects. The format of the financial reports is specified by the university accounting system and we do not have the option of changing the format.
The financial reports are updated twice monthly. Open the file and click on the desired report. Each cost object number may have up to four different reports as follows.
Financial Summary. This report is an overview of the entire cost object, including budget (plan), current month expenses paid (period XX), cumulative or year to date expenses paid, life to date expenses paid for grant funds, outstanding commitments, and the balance remaining (variance).
Revenue and Expenses. This report lists individual expense posted to the cost object subtotaled by expense category.
Payroll. This report lists individual payroll expense posted to the cost object subtotaled by expense category.
Commitments. This report lists the outstanding commitments to be paid on the cost object. Examples include salary and benefits to be paid and outstanding purchase orders.
If you need another email sent to you with the financial reports, please contact a HAPPI staff member.