Volume XX | Month Day 20XX
Important Update: Form Tax Flag Change and Fiscal Close Information

1. Form Tax Flag Changes

As of April 2017, tax associated to all BearBuy orders (catalog and form based) is determined by how the Supplier was setup in the UCB vendoring system.  
  • If a Supplier has their profile set as taxable in the vendoring system, all their orders, regardless of which form is being used, will automatically be marked as taxable in BearBuy.
  • If a Supplier has their profile set as non-taxable in the vendoring system, all their orders, regardless of which form is being used, will automatically be marked as non-taxable in BearBuy.
If the taxable flag needs to be modified on the requisition, the shopper or requisition creator can navigate to the line in question and click the edit button next to that line

From the edit view, (un)select the taxable checkbox and click Save.

2. Fiscal Close Information Now Available 

Fiscal Close information for FY2016-17 is now available:

http://controller.berkeley.edu/accounting-controls/fiscal-close-information

This year's fiscal close steps and deadlines are similar to those in previous years. Please review the information and the checklist to ensure that all relevant steps are completed according to the schedule.

If you have questions about the fiscal close process, please contact Financial Accounting & Controls at gao@berkeley.edu.