Policy Notes: Organization Suspense Accounts
An Organization Suspense Account (OSA) is a PTA setup for every organization to hold payroll transactions that have been rejected by the Oracle Financials system. An OSA audit review in 2011 concluded that OSA transactions are not consistently cleared in a timely manner. Delays in OSA clearing result in:
- Invoice to Sponsors and other parties errors as accounts are not charged in the appropriate time frame
- Departmental overdrafts at year-end due to accounts being over/under budgeted
- Fraudulent activity that is not identified in a timely manner
- Delay in collecting money due to the University
- Uncollectable outstanding balances due to non-compliance
In January 2012, the University phased in a new policy to expedite the clearing of OSAs. This new policy includes a 'sweep' process to periodically move suspense transactions to clearing accounts and a $25 fee for each payroll line that is not timely cleared from an OSA. OSA balances are transferred with the 51610 expenditure type which burdens at the highest burden rate.
On this page:
| Transactions on OSAs with and Expenditure Item Date (EID) between: | Deadline to originate OSA LD Adjustments: | Deadline to fully approve OSA LD Adjustments: |
|---|---|---|
| 09/01/2012 and 11/30/2012 | 02/06/2013 | 02/06/2013 |
| 09/01/2012 and 02/28/2013 | 04/04/2013 | 04/04/2013 |
| 09/01/2012 and 05/31/2013 | 07/05/2013 | 07/05/2013 |
| 09/01/2012 and 07/31/2013 | 08/09/2013* | 08/13/2013 |
| 09/01/2012 and 08/15/2013 | 08/26/2013* | 08/28/2013 |
| 09/01/2012 and 08/31/2013 | 09/05/2013* | 09/05/2013 |
* Year-End Close Deadlines
| Deadline | Action | Description |
|---|---|---|
| 02/06/2013 – 5:00 PM |
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| 04/04/2013 – 5:00 PM |
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| 07/05/2013 – 5:00 PM |
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| *08/13/2013 – 5:00 PM |
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| *08/28/2013 – 5:00 PM |
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| * 09/05/2013 – 5:00 PM (tentative) |
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* Year-End Close Deadlines
Please note:
- The $25 fee will be waived for both pay periods in August
- Requests for exceptions will be reviewed on a case-by-case basis
To facilitate the clearing process and to prevent future earnings from posting to suspense accounts, email communications will continue to be sent to Labor Adjusters after each payroll has been posted in Oracle. System alerts are generated twice a month (prior to payroll deadlines) and sent to Labor Schedule Updaters, Labor Distribution Adjusters and OSA Task Managers. These alerts notify users of the action required to prevent employees' earnings from posting to the OSA.

