SMART Finance News You Can Use

MDE has published School Business Bulletin #76. This has the latest information from the State on FY25 and what is coming in FY26. To see this, you can go to:https://education.mn.gov/MDE/dse/schfin/fin/ 

For a secure way to send Region 1 your bank statements for review, instead of emailing them, use the following:Click on the little Green Window (Quick Menu) and go to Smart Documents. From here, click on Add Folder, which you can name "Bank Statements" as in the screenshot below. Within the Bank Statement Folder, create a subfolder for each month, and upload your bank statements into the appropriate folder.Lastly, please mail us to let us know that the statemen...

As you get ready to enter POs for next year, all the Periods on the Accounting Calendar need to be open through 202601. For Periods 202513 and 202514, open GL only. Contact someone in Finance if you need help with this. Once the period 202601 is open, POs can be saved for the next fiscal year. 

Before you know it, FY25 fiscal year end will be here!  Below are some cleanup items you'll want to start looking at as you have time:  Open Invoices (for those who use invoicing) Go to Accounts Receivable/Invoice Summary. Choose status of OPEN and click on find/retrieve. You can then click on the Inv Date column header to rearrange it so that the oldest invoices show up first. Your district should go through any old invoices and identify whether they should still be out there or i...

In February and March, Region 1 will begin reviewing each district’s accounts for FY25 UFARS compliance. As we run UFARS Chapter X edits, we will contact you with errors that need to be corrected. We will also review all pandemic grant accounts and shut off all but a few remaining finance codes.