View
49
Download
0
Category
Tags:
Preview:
DESCRIPTION
SAGE Suite Subcontract Module Project - Campus Impacts. Jason Myers – Business Systems Analyst Office of Research Information Services (ORIS). Subcontract Module Project Goals. GOAL: Improve subcontract budget accounting by automating subcontract F&A cost recovery - PowerPoint PPT Presentation
Citation preview
ORIS
SAGE Suite Subcontract Module Project - Campus ImpactsJason Myers – Business Systems AnalystOffice of Research Information Services (ORIS)
ORIS Subcontract Module Project Goals
GOAL: Improve subcontract budget accounting by automating subcontract F&A cost recovery
• Automate the calculation of F&A Subcontract expenditures in FAS
• Ensure subcontract PO Requisition Number and Budget Number entered in SPAERC match the numbers entered in the Purchasing and Accounts Payable System (PAS) through systematic validation
• Enable recording and tracking of key subcontract F&A data in SPAERC
• Synchronize key subcontract F&A data stored in SPAERC with data in Financial Accounting System (FAS) on a daily basis 2
ORISCurrent: Process and Systems State - Summary
• Only direct costs for subcontracts are automatically updated in FAS.
• The subcontract amount subject to UW F&A costs is set up as an encumbrance in FAS.
• GCA manually enters actual F&A costs for subcontracts as Journal Vouchers (JVs).
3
ORISCurrent: Subcontract F&A Encumbrances
4
• Subcontract F&A costs are set up as an encumbrance under Restricted Funds (line item 37-99).
• The 37-99 encumbrance is liquidated once the F&A expenditures are manually charged off.
ORIS Current: Subcontract F&A Transactions
5
GCA manually enters a Journal Voucher (JV) to charge off actual F&A costs for a subcontract.
ORISFuture: Processes and Systems - Summary
• For each subcontract, OSP will specify the amount subject to UW F&A costs in SPAERC, and that value will be interfaced to FAS.
• Subcontract F&A costs will be charged off automatically using the budget’s F&A cost rate.
• The 37-99 subcontract F&A encumbrance will be removed, eliminating the current double encumbrance issue.
• Manual entry of Journal Vouchers (JVs) to account for subcontract F&A costs will no longer be necessary.
6
ORIS Future: System and Process - SPAERC
OSP will enter the subcontract amount subject to UW F&A costs for each subcontract in SPAERC (SAGE database).
7
ORIS
Future: SPAERC & FAS Systems – Interface
The subcontract amount subject to UW F&A cost for each subcontract in SPAERC will be interfaced to FAS Monday – Friday at 6 pm.
8
ORISFuture: Subcontract F&A Encumbrances
9
The current practice of including the F&A encumbrance for sub-contracts under the Indirect Costs (line item 25-99) will be maintained, However, The double-encumbrance under 37-99 will be eliminated.
ORISFuture: My Financial Desktop – Subs F&A Transactions
10
F&A transactions for subcontracts will display in line item 25-99, along with all other F&A transactions.
ORISSeptember SAGE ReleaseSubcontracts Module Project
• Implementation of the features to enter and manage the subcontract amount subject to UW F&A costs, amongst other OSP and GCA system enhancements, is planned for 9/21.
• Data reconciliation and clean-up planning is in progress with the expectation of reconciling and adjusting data in early October.
• Once data is reconciled and adjusted Campus users will be notified of the intended date of activating the SAGE to FAS interface for automating subcontract F&A expenditures.
11
ORIS
QUESTIONS?
12
Recommended