NYU Law Financial Management Guidelines

NYU Law provides detailed guidelines on financial management, including account numbers, expense categories, and accessing financial reports. Treasurers are granted access to reports and a Box folder. Focus on reconciling budgets by tracking amounts posted to the GL column for accurate account balances.

• Financial management
• NYU Law
• Expense categories
• Financial reports

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Uploaded on Jul 19, 2024 | 1 Views

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1. FINANCIAL ACCOUNT #S Each group and journal has their own financial account number The account number is used for reimbursements, fund transfers, room reservations, catering, etc. Using the account number takes the form of a chartfield NYU Law Chartfield: Account Fund Org Program Project SG: 65182 20 53441 LSB## M9809 J: 65182 20 53460 WSQPG MA### All student groups have the same Fund, Org, & Project where only the Program # distinguishes the specific group. For journals, they share the same Fund, Org, & Program, but have different Projects #.

2. EXPENSE/ACCOUNT TYPES If you have questions about the correct category for a particular expense, just email law.studentaffairs@nyu.edu and ask. Examples: Food = Dinner & Meeting Movies for screening = Office Supplies Printed t-shirts, bags, etc. = Copying & Printing Services Gift cards = Awards & Prizes

3. FINANCIAL REPORTS All treasurers will be given access to Reports and a Box folder with this info You will need to visit the IT Helpdesk to login and set up your password for the first time; you can only access Reports from an NYU networked computer For questions related to Reports access, email law.helpdesk@nyu.edu You can also email law.studentaffairs@nyu.edu for questions about your Box folder

4. FINANCIAL REPORTS Focus on Amount Posted to GL column when trying to reconcile your budget. It will provide the true balance of group account.