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Financial Services ComptrollerPeopleSoft Cost Center/Project Reconciliation Overview/ChecklistEdited by:David Guerra, Training CoordinatorCreated:10/30/2018Updated:08/01/2022Version:[1.2]The University
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How to fill out peoplesoft cost centerproject reconciliation

01
To fill out PeopleSoft Cost Center Project Reconciliation, follow these steps:
02
Log in to PeopleSoft using your credentials.
03
Navigate to the Finance module and click on the 'Cost Center Project Reconciliation' link.
04
Select the appropriate cost center and project combination from the available options.
05
Review the financial transactions and ensure they are accurate and complete.
06
Enter any adjustments or corrections that are required.
07
Verify that all expenses and revenues are correctly allocated to the appropriate project.
08
Double-check the final reconciliation summary and make sure all discrepancies are resolved.
09
Submit the reconciliation for approval by the designated person.
10
Follow up on any outstanding issues or discrepancies after the reconciliation is complete.
11
Keep a record of the completed reconciliation for future reference and audit purposes.

Who needs peoplesoft cost centerproject reconciliation?

01
PeopleSoft Cost Center Project Reconciliation is typically required by organizations that use PeopleSoft for financial management.
02
This process is essential for ensuring accurate financial reporting, tracking project expenses, and maintaining compliance with budgetary guidelines.
03
Accountants, finance professionals, and project managers may need to perform cost center project reconciliations to monitor and control project expenditures.
04
Furthermore, stakeholders, such as executives, auditors, and board members, may need access to these reconciliations to evaluate the financial health and progress of projects.
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Peoplesoft cost centerproject reconciliation is a process of comparing the financial data in the cost centers and projects to ensure accuracy and consistency.
All departments or organizations that use Peoplesoft for managing their cost centers and projects are required to file reconciliation.
To fill out Peoplesoft cost centerproject reconciliation, users need to review and compare the financial data in the cost centers and projects, identify any discrepancies, and make necessary adjustments.
The purpose of Peoplesoft cost centerproject reconciliation is to ensure the accuracy and integrity of financial data in cost centers and projects.
The information reported on Peoplesoft cost centerproject reconciliation includes the financial data such as revenue, expenses, budget, and variance.
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