Accounting Services Customized Training
Financial Operations can provide customized training for University of Michigan faculty and staff. Units are encouraged to contact Accounting Services with requests for training related to Chartfields, journal entries, construction, effort reporting, equipment & furniture, external billing & receivables, internal billing (recharge), the University investment pool or expendable & endowed gifts.
Below are some examples of recent training presentations for individual University units:
Journal Entries
Over the past two years, journal entry processing has evolved in many ways. Financial Operations and MAIS have worked together to enable University units to enter journal entries directly into the University's production financial system. A journal entry training course is required for all staff who enter journal transactions into the system. Online and specialized classroom training options are available for departments moving to the online journal entry process. Contact Accounting Services for more information on classroom training options.
Endowments
An endowed gift is money given by a donor to be invested in perpetuity, with the distributions available to be spent on activities consistent with the donor intent. Preview a presentaion on Endowments and Contact Accounting Services for more information on endowments and custom training options.
Service Unit Billings
The Service Unit Billing (SUB) process allows for units to recharge other units within the University for services rendered using M-Pathways. The SUB process improves customer service by providing greater details to the billed unit of the services received. Preview the training guide and contact Accounting Services for more information on SUB training options.