Fundamentals of Finance
Becoming a member of Finance requires a commitment to invest in the training necessary to adhere to and abide by internal and state policies and procedures. Look to this site for Finance- related instruction and communications. Read More Information
Chart of Accounts
The Chart of Accounts (also known as COA) is a structure of codes used for the classification, budgeting, recording, and reporting of financial transactions. The chart code structure is classified by elements, defined by Fund, Organization, Account, Program, Activity, and Location;commonly abbreviated by the term âFOAPALâ or âFOAPâ. Read More Information
Banner Finance
If you are considering access to Banner Finance, you may be a departmental buyer responsible for procurement and budgetary tasks; or you may be a supervisor interested in managing departmental operational budgets. Whichever your need, training is offered to support your departmental functions, and is a requirement for system access. Read More Information
Due Dates
The term Prompt Pay refers to the timely payment of goods and services. The Virginia Prompt Pay Act states that invoices must be paid 30 days from the date UMW receives the invoice or goods/services, whichever is later (some exceptions to the 30 day rule apply*). Read More Information
TESS Video Tutorials
Check out these videos presented by TESS to assist you with various Finance tasks at your own pace!