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  • Year-End Close: 2024 Reminders and Deadlines

    2024-05-20
    It's that time of year again! The year-end close (YEC) process of recording and reporting expenses from September through August gives a snapshot of the university's transactional activity each fiscal year. For an in-depth look at the process, review Topic Overview: Year-End Close. All times listed...
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  • Enhancements to increase procurement efficiency

    2024-04-19
    Procurement Services, part of Stanford Financial Management Services (FMS), continuously examines opportunities to enhance processes or provide new solutions to support purchasing activities for the university while maintaining financial stewardship excellence. Areas of opportunity under review are...
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  • Digital Payments Reimbursement Limit Increasing to $5,000 on May 6

    2024-04-12
    The Digital Payments payment method is used to reimburse Stanford visitors for domestic travel expenses quickly and efficiently using either Zelle, a secure nationwide digital payment network, or Automated Clearing House (ACH) bank transfers. The reimbursement limit for Digital Payments is currently...
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  • Purchasing and Contracts Updates and Hot Topics

    2024-02-26
    The Procurement Services department within Financial Management Services is committed to purchasing practices and policies that are compliant, responsible and appropriately support the university's goals and mission. Accordingly, those who are making purchases on behalf of or doing business with the...
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