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They can be accessed at myLSU > Financial Services > Tax Documents. Questions regarding 1098-T forms can be directed to [bursar@lsu.edu](bursar@lsu.edu).\u003Cbr>Administrators of Sponsored Programs (ASP) Effort Discussion\u003Cbr>The ASP Meeting was held on February 21, 2024 and covered effort. The Effort discussion was recorded and is now posted on the ASP website for anyone who wishes to view the recording. Our panel consisted of Attres and Leah; they provided some good tips and advice on tracking and monitoring effort.\u003Cbr>\u003Cbr>Financial Accounting & Reporting\u003Cbr>Monthly Close Dates\u003Cbr>The monthly closeout is scheduled to take place the first working day of the new month.\u003Cbr>Month End Close Date February Friday, March 1 March Monday, April 1 April Wednesday, May 1 May Monday, June 3\u003Cbr>In order for the monthly closeout process to be completed in Workday, all “In Progress” manual journal entries must be approved. Otherwise, the accounting date on the entry must be moved into the next open month. When the accounting date is changed, the entry reroutes through the entire business process. |  |\n\nFinancial Accounting & Reporting continued…  \nIn an effort to mitigate having entries reroute, initiators of manual journals should:  \n• Track entries by running the “Find Journal” report to find “In Progress” entries. A job aid for the “Find Journal” report is available on the Workday Training under Reporting.  \n• Initiate entries as early as possible in the month to allow enough time for them to make it through the entire business process prior to closeout. Since July 1, 2016, entries initiated in the last five days of the month typically end up having their accounting date changed to the next month.  \nCost Center Managers and all other approvers on journals should:  \n• Approve any entries in your inbox in a timely manner  \n• Make an extra effort to clear inboxes the last week of the month  \nReports  \nA list of the recommended reports for departmental use to assist with reconciliations and management of funds is available on the Workday Training webpage under Reporting. The report is an Excel file called“Finance Reports by Functional Area”.  \nAll finance related job aids are available on the Workday Training webpage.  \n1099 Tax Forms  \n1099 forms issued to LSU should be forwarded to Dakota Schoenfield in Financial Accounting & Reporting, 204 Thomas Boyd Hall or by e-mail at [dschoe5@lsu.edu](dschoe5@lsu.edu).  \nBank Reconciliation  \nContact us at [bankrecon@lsu.edu](bankrecon@lsu.edu) for questions/ requests related to the following:  \n• Stop payment requests  \n• Check copy requests  \n• Check status requests  \n• Unclaimed property  \n• Unrecorded deposits  \n• Expected wire or ACH payments  \nIn addition, the AS32: Stop Payment Request and AS500: Request for Copy of an LSU Check forms can be found at FAR Forms. Please ensure the most recent version is used when requesting information. Completed forms can be scanned and e-mailed to [bankrecon@lsu.edu](bankrecon@lsu.edu).  \nCost Transfers  \nThe following are tips when completing cost transfers:  \n• The journal source should be “Manual Journal” not“Accounting Journal – Corrections.”  \n• The journal line needing correction must be reversed with all related worktags. All information should bethe same as on the original entry, with only the amount moving from debit to credit or vice versa.  \n• R","cbCaitGgIpG24UIn","https://ap.wps.com/l/cbCaitGgIpG24UIn","pdf",1260127,"English","# March Business Managers’ Meeting\n## In this issue\n# Bursar Operations\n# Payroll\n# LaCarte\n# Travel\n# SPA\n# LSU Acronyms\n# 1098-T forms\n# Administrators of Sponsored Programs (ASP) Effort Discussion\n# Financial Accounting & Reporting\n## Monthly Close Dates\n## Reports\n## 1099 Tax Forms\n## Bank Reconciliation\n## Cost Transfers\n## Credit Card Merchant\n## Petty Cash","[{\"question\":\"What actions are required for monthly closeout in Workday?\",\"answer\":\"Monthly closeout is scheduled for the first working day of the new month. To complete the process in Workday, all “In Progress” manual journal entries must be approved; otherwise, the accounting date must be moved into the next open month.\"},{\"question\":\"How should 1098-T forms be accessed and where are questions directed?\",\"answer\":\"2023 1098-T forms are mailed to the home address on file and are available electronically via the student’s myLSU. Questions regarding 1098-T forms can be directed to bursar@lsu.edu.\"},{\"question\":\"What guidance does the newsletter give for cost transfers and journal corrections?\",\"answer\":\"Use “Manual Journal” as the journal source, reverse the journal line needing correction with all related worktags, and keep all details the same except the amount moving debit/credit. Use “Journal Line Details” or “SPA – Journal Lines” as backup rather than printing and re-scanning for readability.\"}]","Office of Accounting Services Monthly Newsletter - Issue 472 - March 2024 | PDF",1789812122]