Accounting Correction

Approved by: Director of Business Affairs

Responsible Official: Accounting
                              (918) 444-2176 

History: Revised – April 29, 2015 

Related Policies:

Additional References: 
Accounting Correction Form
  Check Request  



PROCEDURE


The accounting correction form is used to correct accounting errors.  Needed corrections can result either from an audit or upon review of budget by a department. Explanation for the correction, proper documentation and Account Sponsor/Financial Manager signature is required before the correction will be processed.  Accounting correction form will not be used when crossing funding types. If the fund codes are from two different bank code types then a check request form will be required.

PCARD TRANSACTION


A transaction amount of $50 or more and has occurred within the last six months.

*Transactions posted to card defaults due to untimely coding of an expense report will not be corrected.

OTHER TRANSACTION TYPES


A transaction amount of $50 or more and has occurred in the current fiscal year. 

Exceptions will be made regarding the above criteria if the transaction is related to a grant or capital project fund.