Finance

The fringe expense for Federal Work Study (FWS) overflow earnings was not configured in Workday to apply the 2% fringe rate since the rate was implemented. As a result, the 2% fringe rate was not being calculated on the earnings exceeding their award amount. Moving forward, the 2% fringe expense will be applied only to the portion of earnings that exceed the FWS award amount. These expenses will be charged to the default organizational assignments Worktags. Note: This will not impact FD725-Federal Work Study.

Procurement Services is pleased to announce that starting February 24, electronic invoicing is available for Airgas punchout orders. We anticipate that using electronic invoices for Airgas punchout orders will alleviate the administrative burden of reconciling and submitting invoices manually and thus allow UCF to submit payment in a timelier manner.

The Workday Enterprise System, Grants and Payroll are announcing changes to the Pay Component Group. Changes involve new and revised earning codes that are scheduled to go into effect in Workday during the pay period cycle of January 31-February 13.  The new or updated earning codes provide the ability to efficiently break out (Senior) Personnel from Other Personnel Services (OPS). They also eliminate the need to manually correct via allocations and journal entries by utilizing the correct Pay Component Group for Eligible OPS Earnings and posting to Object Class is Standard: 2000 Other Personnel Services. Users will no longer temporarily see the OPS charges in 1000 Personnel and then have it moved since it will initially be posted to the correct Object Class.

The Workday Enterprise System team is pleased to announce an update to the UCF Statement of Net Position and UCF Income Statement reports.  These reports have been modified to consistently reflect the amounts based on the natural sign of the ledger accounts.  We feel this modification will be beneficial to ongoing budget planning and analysis process.

The Workday Enterprise Systems, Financial Affairs and kNEXT teams are delighted to announce the upcoming implementation of new system enhancements for Workday Finance Users that will go-live in Workday today, Friday, January 31. These updates are in response to your feedback and are designed specifically to address the needs of the Workday user, which include:

Financial Affairs is pleased to announce the release of the UCF Find Spend Authorization Lines for  Organization report. This report replaces the previous UCF Summarized Find Spend Authorization Lines for Organization report. The new report offers enhanced flexibility which includes the following:

The UCF Procurement team announces a new alert that displays when creating a Workday requisition with attachments. When uploading an attachment to a requisition, the new alert requires users to select a spend attachment category. Attachment categories provide reviewers/approvers the ability to quickly identify attachments and facilitate the review/approval process. The new categories and definitions…

The kNEXT Team is pleased to announce two new enhancements to the Workday user experience, the Expense Hub and new and updated Workday notifications.  These improvements are in direct repose to feedback from our user community will be available beginning Monday, August 19. Expense Hub The Expense Hub greatly improves the user experience by centralizing…

UCF Procurement Services continues to play an active role in streamlining purchasing opportunities for the UCF community. As a result, the Sigma Aldrich (Millipore Sigma) punchout catalog is now a connected supplier in Workday. Punchouts are available to all UCF employees who create purchasing requisitions. These supplier catalogs (also known as Connection to Supplier websites)…

UCF Procurement Services is pleased to announce that the bid threshold for university purchases has been increased from $75,000 to $150,000. Important: It is best practice to seek competition for all purchases, regardless of dollar amount, because competition works!  The new competition thresholds are as follows: The updated Competition Requirements can be located on the Procurement Services website.…