Month-End Close Projected Submission Dates
This chart shows the projected date that the PeopleSoft Financials team will require
all submissions from the campus be received in order for entries to post to PeopleSoft
in the current month. Projected dates for each month are added to this site as they
become available and may be subject to change based on system processes and technical
issues. Please use these dates to assist with your budget planning.
- 08/06/2020 - July
- 09/08/20 - August
- 10/07/2020 - September
- 11/06/2020 - October
- 12/08/2020 - November
- 01/06/2021 - December
Contact the PeopleSoft Financials team at 410-704-2188 or psteam AT_TOWSON.
Peoplesoft journal sources reference
Questioning a transaction on your nVision Report?
Please see the Journal Sources Listing for Reading nVision Reports (PDF) for information on who you should contact based on the journal source listed for
the transaction in question.
How do I become an Authorized Signer for my department or grant?
If you are not authorized to sign invoices for your department and you should be, you
will need to fill out an Authorized Signature Form (PDF). Fill out the required information, sign the form and have your department head/responsible
person sign the form.
Once complete, return either the printed copy of the form to the PeopleSoft Team
in Financial Systems & Technology or a digital copy by email to psteam AT_TOWSON.
How do I get a new department number set up?
The first step is to go to our Chart of Accounts information page and scroll down to the criteria for a new department to determine if
your need qualifies.
Secondly, go to our Forms Directory and locate the appropriate form under the PeopleSoft Financials section. The form
you select will depend on the type of department you are requesting (state-funded,
self-funded, or agency-funded). Fill out the form, obtain all appropriate signatures
and forward the completed form to Al Lagos in Financial Systems & Technology.
Interdepartmental Invoice Requests
An interdepartmental request is used to move an expense or revenue between account
codes within a department or between different department and grant numbers. The interdepartmental
invoice is also used to bill other campus departments for goods and/or services.
How to Submit an Interdepartmental Request?
These requests are submitted as a journal entry by using the Spreadsheet Journal Upload
program. Before submitting a journal, permission must be obtained by an authorized
signer for both sides of the transaction (the department/grant receiving the funds
and the department/grant giving the funds). The department originating the request
will need to obtain the proper department/grant number and account number from the
recipient before submitting the journal.
After submitting the journal through the Spreadsheet Upload system, a confirmation
email must be sent to the PeopleSoft Team at psteam AT_TOWSON asking for the journal to be posted and providing any necessary backup for the journal
and the appropriate authorizations.
To gain access to the Spreadsheet Upload program, please contact the PeopleSoft team
at 410-704-2188 or psteam AT_TOWSON.
If you need to credit a department, you will submit a journal through the Spreadsheet
Journal Upload as well. If you are correcting a previous journal you should reference
that previous journal number in the detailed description.
Using the Correct Account Number
There are 14 different major groups of expenditure accounts that can be used to break
down each type of expenditure into the appropriate category within your department's
budget. To determine which account number you should use, refer to the listing of PeopleSoft accounts.
When NOT to use an Interdepartmental Request/Spreadsheet Journal Upload
A journal through the spreadsheet upload process (interdepartmental request) is NOT
to be used for budget/appropriation transfers. The spreadsheet journal is for transferring
expenses that have already occurred. If you need to move money to another department
for a FUTURE expense, that would be a budget transfer.
Journal records retainment
It is Crucial to Retain Records
Both the charged and the credited departments need to retain records/copies of the
transaction for two reasons. First, the auditors may ask you to verify by producing
your records. Second, compare your records/copies against the monthly budget report
to verify any items posted to your department.
For any other questions relating to interdepartmental requests, please contact the
PeopleSoft team at 410-704-2188 or psteam AT_TOWSON. You may also reference the Interdepartmental Requests Instruction Manual (PDF) for more information.
What journal source should I use when entering an interdepartmental request journal?
For the vast majority of cases, the journal source INT (interdepartmental request)
should be used. For any transfer of expenses between different departments or different
account codes, INT must be used for the journal source.
For a listing of other journal sources (if needed), see the Journal Sources Listing (PDF) document.
What is an initiative?
An initiative is a five-digit PeopleSoft chartfield that allows you to do additional
tracking of your expenses by categorizing them. The initiative value will show on
your nVision report and allows you to sort/group transactions.
If you would like an initiative set up, please contact the PeopleSoft team at psteam AT_TOWSON.
Is there a resource for questions regarding editing, correcting, and saving journals
for the Spreadsheet Upload system?
nVision is the PeopleSoft reporting tool used to view budgetary and transaction information
related to departments and grants. To gain access to nVision reports a user must have
the required PeopleSoft access (Campus Inquiry or Budget Manager role) and approval
from a department head or other authorized signer.
PeopleSoft access may be obtained by filling out the Campus Users Security Form (PeopleSoft training is also required). If additional report access is needed, please
fill out the Additional Report Request Form. These forms should be sent to firstname.lastname@example.org once completed.
For any questions related to gaining access to reports, please contact the PeopleSoft
Team at 410-704-2188 or psteam AT_TOWSON.
Types of nVision Reports
||Departmental profit and loss in HTML format.
||Department all transactions - this is an Excel workbook that contains eight reports:
profit and loss, revenue and expense transactions, pending ProCard details, Posted
ProCard details, budget transactions, student financials detail transactions, purchase
order balances, requisition balances.
||Department payroll - this is an Excel workbook that contains four reports: payroll
transaction detail, payroll by employee and date, payroll by account and employee,
payroll by employee and month.
||Fund balance for a non-state support department or grant.
||Project/grant profit and loss.
Why is there a discrepancy between the budget overview and nVision reporting?
This is a timing issue. When a journal is budget checked it shows in the overview,
however, it doesn't show in nVision reports until it is actually posted.
How do I interpret the source codes listed on my nVision report?
How often should I run the nVision report?
At least once per month to confirm the accuracy of the revenues and/or charges hitting
your budget. nVision users will receive monthly communications related to month end
close. Look for these communications as a reminder to run your budget report.
What do I do for year end?
Look for special year end communications with tasks and related deadlines.
When does the fiscal year run?
For any additional questions related to nVision reports please contact the PeopleSoft
Team at 410-704-2188 or psteam AT_TOWSON. For more in-depth information on running and interpreting nVision reports, please
see our Reporting & Training Documents page.
Prior Year Obligations
The process of obligating funds enables you to charge related invoices in future years
to prior year funding. This is the only way to draw on prior year funds after a budget
year has closed. Financial Systems & Technology in conjunction with the Procurement
Department, uses state guidelines to evaluate obligation requests and submits a firm
list to the Budget Department prior to closing the fiscal year.
To submit an obligation request, use the Prior Year Obligations Form (PDF). It is the responsibility of the Department Budget Officer to forward all obligation
requests to Financial Systems & Technology by the published deadline (please see the
listed deadline dates for fiscal year-end at the top of this page).
Criteria for Obligations
- The purchase must have a purchase order with a date on or before June 30.
- The amount of the purchase must be $500 or more.
- The purchase order must be classified into one of the following categories:
||Communications equipment contracts only.
||Motor vehicle purchase contracts only.
||Printing (account code 608006) and other non-routine services.
||Land and structures.
Please reference the Listing of PeopleSoft Accounts associated with the above objects. All questions regarding prior year obligations
should be directed to Andrew O'Donnell in Financial Systems & Technology.
Year End Requisitions, Purchase Order Invoices, and Open Commitments
It is important to monitor the following budget information because the associated
funding may be lost if any of these situations are left on the department's budget
until the end of the fiscal year.
Purchase orders - requisitions - open commitments: requisitions and purchase orders
go onto the departmental budgets as open commitments of funding set aside for goods
and/or services being purchased for the department. Since these set aside funds cannot
be used for anything else, it is important to carefully monitor the status of open
The requisition initially sets aside (encumbers) funds from the department's budget when a request
is made to the Procurement Office to make a purchase. This transaction is a pre-encumbrance
in the PeopleSoft commitment control process.
- Requisitions can be submitted to the Procurement Office electronically through the
ePro Online Requisitioning function in PeopleSoft.
- The requisition/purchase order process is required for ALL purchases over $5000.
- When a requisition is entered, the system checks the department budget for sufficient
funding. If funds are not available, there will be a process delay while the request
is routed to the Budget Office.
- Once a vendor is selected, the requisition should be removed from the account when
the purchase order is written.
The purchase order remains on the departmental budget with the encumbrance amount being reduced as each
payment is made.
If the Purchase Order is a Commodity Order
Invoices for commodity orders do not require department signatures. The Accounts Payable
Office pays these invoices based on the receiving information entered in PeopleSoft.
Therefore, it is essential that the Receiving Department is notified if a commodity
order is shipped directly to your office.
If the Purchase Order is a Service Order
Invoices for service orders require two authorized department signatures. The Accounts
Payable Office pays these invoices based on the information provided on the coding
block completed by the department. It is essential that the coding block specify partial
versus final payments.
Open Commitment Status
Monitor to eliminate any of the following:
- The requisition and the purchase order are both on the department's budget. The requisition
is supposed to be removed when the purchase order is written. If it isn't, your department
is being charged twice for the same item.
- A dangling encumbrance. Sometimes goods or services are received and invoiced but
the invoice amount is different - less than the purchase order balance. If the computer
is not told that the invoice is FINAL, that difference will dangle out in the system
tying up your funds until someone cancels it.
- Expired purchase orders. Sometimes there are two or more purchase orders to the same
vendor. A new order may have replaced the old one, but the old one was never canceled.
- A purchase order has a balance that you know has been paid. When submitting an invoice,
you must make sure to put the purchase order number in the coding block. If an invoice
is paid without referencing the purchase order, the open commitment is NOT reduced.
As a result your department is charged twice, once for the invoice and once for the
If any of the above are found on a departmental budget, please contact Director Jeffery Sutton or call the Procurement Office at 410-704-2171.