Business Update News from 07/2025

The University Policy Office team is thrilled to announce that we are continuing our policy awareness efforts through our Policy Roadshows and would love the opportunity to visit your department!

These engaging informational...

The following updated procedure is now published and effective. Please discuss this document with the appropriate people in your department and send any accounting questions including whether journal entries are needed to...

The following policy documents, which previously completed their full review and approval process, are set to be published and effective as of Monday, March 31, 2025 .

Documents to be updated...

The following draft documents, which have completed the committee stages of their formal review, are now available for community review and comment and are posted on Policies & Procedures Drafts . The...

The following new policy documents are now published and effective. Please discuss the documents with the appropriate people in your department and send any questions to...

The following policy documents, which previously completed their full review and approval process, are now published and effective. Please discuss the documents with the appropriate people in your department and send any questions to...

A new spend category was created in FY24 to monitor open access publishing costs, “Publishing Fees- Open Access only (SC797).” Article Processing Charge (APC), or Author Publishing Charge, is a fee charged to cover the cost of publication in an open access or hybrid open access publication (e.g...

Due to the high volume of activity in Accounts Payable at year-end close, our standard five business day turnaround time for reviewing Supplier Invoice Requests, Supplier Invoices and Expense Reports (for those departments with whom we partner) may be impacted. If we do fall outside of the...

The Financial Review Checklist (“FRC”) ( Form 1101 FR.01 ) has been reviewed and updated. The FRC has undergone revisions based on departmental feedback received during the FRC QA process as well...

The One Finance team is pleased to share a resource that will help all of us at Yale achieve the One Finance North Star aspiration. The One Finance strategic initiative, launched in 2022, is a multi-year program to...

In support of our One Finance North Star , Chart of Accounts (COA) has added a new web page to answer frequently asked questions by the user community, such as “Why is my COA so complicated,” and others....

In a significant move aimed at enhancing operational efficiencies and asset tracking, the ITS Service Management team is set to launch a new Hardware Asset Management system on May 24. This collaborative initiative, which includes but is not limited to the Faculty of Arts and Sciences (FAS),...

Due to the high volume of activity in Accounts Payable due to commencement and year-end activity, it is customary for us to see a notable increase in our transaction volumes and re-work. The rise in volume can affect our ability to meet our standard five-day business turnaround time during this...