Weekly Bulletin No. 874
Monday 2nd August
Marketplace unavailable – Thursday 5th August 2021
We apologise for any inconvenience this may cause.
Issued by Heather Twinn - e-Procurement Administrator
Year-end 2020/21
Year-end 2020/21 - This week's activities and key dates
LastDate | Module | Task |
Mon 2 Aug | GMS | Distribution of Grants Report (version 1) |
Mon 2 Aug | GL | Trust Fund overheads posted (1st posting) |
Mon 2 Aug | GL | Indirect Cost Contribution (ICC) journal posted (Version 1) |
Mon 2 Aug | GL | July 2021 Chest Allocation (Second Posting) |
Mon 2 Aug | GL | Appropriations in Aid |
Mon 2 Aug | PAY | Final input for weekly payroll posting for 2020/21 YE |
Mon 2 Aug | AP | July Barclaycard statements available |
Tue 3 Aug | KeyDate | Interim summary reports sent out to departments (Interim report 1) |
Wed 4 Aug | GL | Balance and post petty cash journal |
Thu 5 Aug | PAY | Final date for UPS input for 2020/21 (pay run 13 Aug) |
Fri 6 Aug | PAY | Final weekly payroll posting for 2020/21 YE |
Fri 6 Aug | AR | Process all cash, cheque and (if possible) PDQ receipts relating to 2020/21 and run the Receipt Register report(s) |
Fri 6 Aug | INV | Process all Inventory transactions (NB INV closes 5pm) |
Fri 6 Aug | PO | Process all PO transactions (NB PO closes 5pm) |
Please refer to year end instructions webpage for further information, including the detailed instructions for individual modules.
Feedback request: Year End presentation
We would really appreciate your comments on the above. It will only take a few minutes to complete and gives us an opportunity to make the offering as effective as possible. There is an extra section for those who attended the Q&A session.
Survey link: https://cambridge.eu.qualtrics.com/jfe/form/SV_3jDUwvWGKxweP9s
Feedback request: Year End for New Users presentations
For those who viewed the videos for New Users, please use this link to give your feedback.
Issued by Christine Rogerson - Finance Training
Temporary movements of goods into and out of the UK
Moving goods across international borders typically creates an import/export and there are reporting obligations, customs declarations as well as potential VAT and duty liabilities, unless reliefs can be claimed. This is the case even if there is no commercial sale. Universities often send goods out of the UK and reimport them, for example:
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to use on field trips
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to use in research projects
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for repair or servicing
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for exhibitions
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on loan to a third party
Available reliefs and facilitative measures
The following reliefs may be available at the point that the goods are re-imported, or imported if the intention is that they will be re-exported. Please note that these reliefs may require advanced authorisation and/or some form of financial guarantee being in place with HMRC before use and are not always obtainable.
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Temporary Admission
For certain types of goods, relieves both VAT and duty where goods are being re-imported within specific time period. -
ATA Carnets
Particularly useful where you send goods overseas in instances where there is no third party in the country of destination to act as importer, such as field trips or research projects. -
Returned Goods Relief
Example usages include goods returned after being exported on exhibition or loan, or after use in a field trip or research project. -
Outward Processing Relief
Useful for goods being returned to the UK following export for repair or service overseas -
Inward Processing Relief
Used for example to import goods to process or repair them before re-exporting them again from the UK. -
Merchandise in Baggage
Where you are carrying commercial goods in your accompanied baggage (e.g. on a flight, ferry).
More information on these reliefs is available from the Brexit Transistion Guidelines. Please contact the Tax Team on VATqueries@admin.cam.ac.uk if you have any further queries.
Issued by Karen Sheldon - Finance Training
Cognos browser issues
Some users have reported unexpected behaviour or loss of functionality when using Cognos with Internet Explorer or Chrome.
We are recommending all users try using Firefox for accessing Cognos should they experience any issues.
Issued by Lesley Dent - System Administrator
Cognos 11 – FAQs
Arising from the recent upgrade to Cognos 11:
How do I quickly re-run a report with slightly different parameters?
To change/re-select parameters once in a report, use Run triangle at top left of report tool bar
NB: This only works if you have run the report in PDF format.
Once you have decided on your parameters you can export to Excel using the Run down arrow icon
How can I create a login short cut to the departmental shared folder?
- Navigate to the Department (Shared) Reports folder, select the elipses …to right of folder, choose Create shortcut
- A pop up screen appears, select My content
- Choose Create shortcut
- The selected folder is displayed as a shortcut in My content
Please refer to the Cognos FAQs and Cognos 11 detailed documents for additional help.
Issued by Christine Rogerson - Finance Training
Monthly Accounting Timetable
To view the status of the monthly process including the month end close dates please use the following link: Accounting Timetable
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