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--- economics [2021/04/09 00:37] – loneall
+++ economics [2021/07/22 16:54] (current) – removed ntnsndr
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-====== Economics ======
-===Financial Processes===
-//When updating the budgeting spreadsheets://
-  - Navigate to MEDLabExpenses spreadsheet in MEDLab Cloud.
-  - Here you will find a workbook dedicated to tracking the expenses of every active MEDLab speedtype.
-//To track expenses://
-At the beginning of each semester, email cmcifinance@colorado.edu and request the following monthly reports:
-  - A **financial detail report** for each active MEDLab speedtype showing only the activity from the past month. You will have to provide the speedtype numbers in the email.
-  - A **speedtype one-liner report** that shows the balance of all active MEDLab speedtypes mentioned in the previous point.
- // **Note**//: if any of the speedtypes are subsidiaries (funding multiple projects ex: Luce), you will not need to ask for any reports. Nathan will update these spreadsheets with any new expenses.
-CMCI Finance will send these reports at the beginning of the next month. (In the first week of March you will receive the reports showing all February expenses)
-Referencing the **financial detail reports**, add any expenses not already on the spreadsheet to the sheet for the corresponding speedtype.
-Items you will need to pull from the sheet to add along with the total of the charge:
-  * Journal ID #: Copy and pase from the "Journal ID" column on the report to the spreadsheet
-  * Date: Take from "Journal Date" column on report
-  * Description of transaction: take from "Journal LN Desc" column on report
-  * Debit/Credit: take from the "Actuals" column on report
-   *  *  if the charge is in parentheses ex: (700.00), it is a credit.
-  * The Balance should update automatically at the top of the spreadsheet.
-Once you have updated the spreadsheet to include all transactions, the Budget reflected at the top of each workbook should match the balance shown on the **speedtype one-liner report** for each speedtype.
-//**Note**//: if you ever need assistance reading the financial reports (they can be a little confusing to navigate), email CMCI Finance with your questions or to set up a meeting.
-//For anything related to invoicing, please email CMCIFinance@colorado.edu with any questions.
-The [[https://www.cu.edu/psc|Procurement Service Center]] is a great resource for any finance-related information.//