st. olaf college student organizations’ financial orientation 2015-16
TRANSCRIPT
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St. Olaf College Student Organizations’
FinancialOrientation
2015-16
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Financial Information
• Business Office Staff & Contacts
• Lawson Units & Accounting
• Credit Cards
• Forms
• Tax Exemption
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The Business Office Tomson Hall
Room 134
Tonya MalzCash Manager
[email protected] and cash questions
Toni BurtAccountant
[email protected] support
Deb JuenkeAccounts [email protected]
Check requests
Contact People
Jayne KieslerAccounts Payable
[email protected] requests
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To access Student Org Financial Forms on the web:
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Student Org Financial Forms
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Accounts Payable Check Request• Use in addition to invoice
provided by vendor• Need accompanying W-9
for new vendors only. • The deadline to submit
requests to Student Activities for approval is Noon on Monday.
• Due to Accounts Payable by 5:00 p.m. on Tuesday so the check will be ready by Friday.
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• Attach original, itemized receipts.
• Must be signed and verified in Student Activities, BC 107.
• No reimbursement for sales tax paid.
• Gas receipts are not an acceptable reimbursement!
• If it is less than $50, cash can be received at the Business Office Window.
• Submit your direct deposit information only one time.
Travel/Reimbursement Form
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Mileage Reimbursements• Volunteer Network orgs can
choose to set any mileage rate up to $0.56 per mile. (VN policy)
• All other orgs can choose to set any mileage rate up to $0.25 per mile. (SOC policy)
• Airport run is $43.00 round-trip.
• Remember to include destination(s) and number of miles on reimbursement form. Attach a map that shows number of miles.
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Business Office Deposit Form • Business Office Hours: M-F
8:00 a.m.-4:30 p.m.• A deposit drop-box is located in
the hall under Business Office Window.
• All cash and checks must be added up.
• Remember to include a description!
• The Student Activities Office has a safe; they are happy to hold onto deposits until Orgs are ready to deposit them. Please don’t hold large sums of money in private residences!
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Cash Advance Form• Must be signed and verified in
Student Activities, BC 107. • The Org’s cash balance must be
checked and approved by either the Office of Student Activities.
• Once approved, take the request to the Business Office.
• When sale is completed, return all funds to the Business office. Complete a Deposit form to return original funds and deposit the remainder in your Org unit.
Form directions here
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TAX EXEMPT
• St. Olaf College is a tax exempt entity in the state of Minnesota
• Our tax exemption number is 20133• Exemption certificates are available on the
web:http://www.stolaf.edu/offices/treasurer/ces.pdf
• Exceptions: Prepared Meals, Lodging (If it’s a service, we can pay tax, not for items)
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Notable Items
• Nonresident Aliens (NRAs)
If your organization intends to pay any NRAs, contact Angela Iverson (507-786-3022)
well in advance of making any payment agreements
• Minnesota Nonresident Entertainer Tax
2% withholding on entertainers from other states. This includes speakers as well.
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Coding
Company (3) - Unit (5) - Account (5) - 99 - SubAcct (4)
Required Required Required Optional
Office of Student Activities staff can help!!
Co. always
010
Co. always
010
Specific to your
org
Specific to your
org
Changes based on
transaction type
Changes based on
transaction type
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Frequently Used Accounts
• Lists accounts used most often by student organizations.
• This list can be found http://wp.stolaf.edu/treasurer/frequent-accounts/
• Staff can help – this can be confusing…
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Accessing the Lawson Web
If you’re listed as a member in Org Database,
you have Lawson access.
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Same as
sign-on
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Go back to the Main Screen:
Select the fiscal year
Check the box of the report you would like
to view
Select the “View
Reports” button
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Budget Variance Report
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• Variance: the difference between the budget column and actual column.
• Most student organization units do not get budget numbers loaded into Lawson.
• Reference the Actual column total for the balance of your unit.
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(Credit) Balance = Available balance
Parenthesis = Positive
Debit Balance - Overspent
In this example, the organization overspent by $262.50.
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Select the TR button to view the transaction detail.
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Example of transaction detail:
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Transaction Reports
• Will take you directly to the transaction detail.
• Can be run year-to-date or by period.
• Can export transactions directly to Excel.
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Click Open
Check Excel format
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The transaction data will be exported to Excel.
Now you can sort, filter, subtotal, etc. as needed.
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Click “Clear Report Choices” before selecting a new report.
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Help! has info on Lawson web as well as Excel tips.
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Credit Card Rules
• Do Not use the card for subscriptions or re-occurring payments• When you drop card off – let us know if there are back-orders or
special circumstances. Make a note on the sheet.
Credit Card Checkout RemindersThings to remember:
DO get itemized receipts that include the price for every item purchased. A $1/day/receipt late fee will be charged for every day receipts are missing past check-in date.
DO provide a list of everyone who goes out to eat.DO use good judgment when make purchases. No alcohol, no gas, etc.
DO NOT check out the credit card for more than 48 hours. A $10/day late fee will be charged for every day the card is not returned past
check-in date. DO NOT lend the card out to someone else to use. It's been issued to you and is your personal responsibility. If you are found lending
your card out, your credit card privileges will be revoked.DO NOT pay sales tax. Exceptions include prepared food (restaurants) and lodging. You will be responsible for any sales tax that you
pay. DO NOT use the credit card to pay for gas.
DO NOT use the credit card at K-Mart. DO NOT use the credit card on campus, (the Bookstore, the Pause, the Cage, etc.). Student orgs will have to check out department cards
to pay for on campus transactions. Special Case: we have a special tax exempt card to be used at Menard's
If you lose the card, call Joe Briesemeister (952-797-6410) or Kris Vatter (C: 507-210-7730) and let them know ASAP. If any charges
are made, you are personally responsible (not the organization) for the charges.
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Credit Card Check Out
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Credit Card Wallet
•Amazon.com: As of October 2014, Amazon.com began assessing sales tax for its orders. The OSA has an Amazon account that
has a tax-free status built in. Stop by the office to make any purchases you may need from Amazon
without incurring taxes.
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Other Notable Things
•Paying Speakers/Performers: If your organization intends to pay anyone outside the college for services rendered (speaking fee,
transportation, performance, etc) the OSA needs to be informed well in advance. Often times these engagements require a contract. We can help
you with this!
•Paying Students: If your organization intends to pay a St. Olaf student for services rendered (photographer, coach, etc.), the payment must be hourly, via student employment, paid out of the org’s budget.
Stop by the OSA in advance to get that set up!
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Sales and Credit Cards
Ole Dollars Credit Cards
• Still working on a system for CC sales.
• Can do ticket sales via University Tickets, but cards cannot be swiped, only entered.
• Contact OSA with further questions.
• In-person sales on-campus
• Reserve system minimum one week in advance
• Need to know names of students managing sales
• Laptop
• Device and training provided
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Thank You Have a great year!
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