Streamline your unit’s financial reporting processes by utilizing one or more options from the Real-Time Financials toolkit.
M-Pathways eReconciliation provides Statement of Activity (SOA) reconcilers an online option to verify their unit’s and/or project/grant’s financial transactions.
With eReconciliation you can:
eReconciliation Reports are run after you complete your online reconciliation. The reports package contains:
There are two versions of these reports. The eRecon Reports use the layout of the M-Pathways Statement of Activity and Detail reports to display data, providing additional financial management data (e.g., Account Group sub-totals) not shown in eReconciliation. The Original eRecon Rpts display data using the layout of the eReconciliation pages.
eReconcilation notes and flags also appear on the Statement of Acivity reports run from M-Pathways and on the Detail? reports (e.g., Voucher Detail) in M-Reports to show your reconciliation efforts.
To learn more about eReconciliation:
See the Real-Time Financials: Consulting & Training Resources page for information..
M-Pathways Unit Defined Commitments (UDCs) provide a way to report encumbrances (i.e., revenues or expenses) not yet accounted for by a central system process for your department or project/grant.
UDCs, along with Real-Time Financials estimates, allow you to see more accurate “bottom-line” projected amounts on financial reports, including:
When reconciling your SOA, use UDCs to encumber any large, outstanding expense or revenue that did not appear on your Statement of Activity for a particular month and that would not be automatically included in the other RTF Estimates.
To learn more about UDCs:
The M-Pathways Reporting Budget Ledger (RBL) allows units to upload and report on budget data for non-sponsored fund activity (e.g., unit-defined project/grants or general funded departmental programs), facilitating all-funds reporting in the central financial system.
To learn more about using the Reporting Budget Ledger for all-funds budgeting:
The RTF Toolkit offers three, separate system options that you choose to utilize as best suits your unit business. Work with your Financial Unit Liaison to select the appropriate system role in the Online Access Request System.