SMART Finance News You Can Use

Before we know it, FY26 fiscal year end will be here! Region 1 will go into your districts and close the first 6 months of the FY26 calendar. This allows us to see if anything is unposted out there. If you need to reopen a month you can do that. We have also run the Chapter 10 report and will or have reached out to those districts that have items that need to be addressed.Below are some cleanup items you will want to start looking at as you have time: Purchase Orders Go to Purchase Orders/P...

We will be sending 1099 instructions at the beginning of December.  All 1099s must be e-filed by 01/31/2026! This leaves little time for corrections without jumping through hoops to e-file correcting 1099s. Initial accuracy is at a premium. In preparation, please review your initial 1099 balances by going to Agency>Vendor 1099’s>Vendor 1099 Balance. Enter 2025 in the Year column and click Find. 

MDE has now released Object 219 starting in 202601 for MN Paid Leave. If you need this code, you must first go to General Ledger/Chart of Accounts Setup/Account Segment Setup and add it there. Please reach out to Finance@region1.k12.mn.us if you need assistance with this.