Wayne State University

Aim Higher

FAB

Account Monitoring

Activities: 

  • Perform and document financial account reconciliation to ensuring all  transactions are accurate recorded and identify needed outcomes to resolve any issues i.e., account transfers, error corrections, etc.
  • Independent review and approval of reconciliation procedures.
  • Identify and resolve fund deficits.
  • Review and manage expenditures.
  • Optimize use of available funds.
  • Prepare monthly budget to actual revenue and expense projection reports.
  • Perform trend analysis.

Timing:  Monthly

Contacts: 

  • General Accounting and Controller's Office
  • Office of Budget Planning and Analysis

Resources:

  • Banner Financial Management System (FMS) data
  • Cognos Reports
  • General Accounting Staff
  • Office of Budget Planning & Analysis Staff

Templates:  No Standard Template Available