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General Accounting

Mission Statement

The mission of General Accounting is to maintain and ensure the accuracy and integrity of the University’s financial records through account reconciliations and other analyses and to provide timely reliable financial/accounting services.

General Accounting ensures that all transactions are made in accordance with the University’s policies, U.S. generally accounting principles established by the Government Accounting Standards Board (GASB) as well as abide by Federal & NJ rulings/laws/directive/pronouncements as well as any/all other applicable governing bodies and regulatory agencies or subdivisions of.

General Accounting maintains knowledgeable staff who understand various accounting processes from beginning to end and acts as a resource to the University Community in providing the highest quality and most responsive service with care and concern. The office seeks to utilize technology in the most effective manner in the operation of accounting functions.

General Accounting partners with Student Accounts, Payroll, Benefits, Budgeting and Student Financial Aid to provide the highest quality of service to its internal customers as well as to its external vendors and third-parties.

Major responsibilities:

  • Establish University’s Accounting Calendar and oversee monthly and yearly posting/closing activities
  • Develop and perform reconciliation processes/procedures that ensure effective integration of financial transactions
  • Process wire payments requests (domestic and foreign)
  • Ensure timely and accurate data is processed and posted to the general ledger
  • Govern and maintain the University’s chart of accounts (COA)
  • Answering specific questions on the General Ledger
  • Providing guidance and advice on accounting and reporting issues, COA, financial structures, accounting and finance policies
  • Review/upload payroll data into the General Ledger
  • Review/upload student accounting data into the General Ledger
  • Review/upload p-card, postage and telephone charges into the General Ledger
  • Monitor, control, and report on capital/fixed assets
  • Maintain/monitor/enhance the University’s system of internal control over financial transactions
  • Provide account analyses, ad-hoc reports and other reporting as necessary by University management and/or Board of Trustees