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Updated the SOW contract type in the Contract Types section

Updated: "New Object Codes" and "Changes to Existing Expenditure Types/Object Codes" sections.

In January 2023, Stanford Financial Management Services (FMS) partnered with University IT (UIT) to launch the PTA Manager close request feature for non-sponsored PTA segments, which improved efficiency, internal controls, and data quality/accuracy. On July 31, new functionality was added that... Recent PTA Manager enhancements have added functionality to close non-sponsored PTAs and PTA segments, giving users a more convenient and streamlined user experience.

Clarification were made on how to manage flight cancelations and exchanges and conference hotels. Key Travel was added.

Updated: "Changes to Existing Expenditure Types and Object Codes" section.

Updated the Preparer and Procurement Finally Close the Purchase Order section

This newsletter, covers the risks and best practices with stewarding gifts using scenarios such as spending in accordance with the gift terms, when a donor’s gift is unspent, and navigating difficult and uncertain situations.

The purchase of goods and services plays a big part in helping to achieve the university’s mission. Faculty and staff who make purchases have a key role in stewarding the university’s resources. Stanford Financial Management Services (FMS) recently launched FIN-0420: Preferred Purchasing Methods to... New FIN-0420: Preferred Purchasing Methods course now required to access iProcurement

Updated "New Expenditure Types" and "Changes to Existing Expenditure Types and Object Codes" sections.

Updated the Single/Sole Source Justification (SSJ) form