Ewu Finance Office - Financial Tips

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The Eastern Washington University (EWU) Finance Office is the central administrative unit responsible for managing the university’s financial resources and ensuring fiscal responsibility. Located prominently on campus, the office oversees a broad spectrum of financial activities, impacting nearly every aspect of the university’s operations.

A primary function of the Finance Office is the accurate and timely processing of accounts payable. This includes vendor payments for goods and services, reimbursements for employee expenses, and the handling of travel-related finances. They meticulously verify invoices, ensure compliance with university policies and state regulations, and process payments efficiently.

On the revenue side, the Finance Office manages accounts receivable, collecting tuition and fees from students, processing grants and contracts from external sponsors, and overseeing other sources of income. They work closely with other departments, such as Admissions and Financial Aid, to reconcile student accounts and ensure the smooth flow of funds into the university.

Budgeting and financial planning are crucial responsibilities. The Finance Office collaborates with university leadership and individual departments to develop the annual budget, aligning resources with the university’s strategic priorities. They monitor budget performance throughout the year, providing financial reports and analysis to help departments make informed decisions.

Internal controls and compliance are paramount. The Finance Office is dedicated to maintaining a robust system of internal controls to safeguard university assets and prevent fraud. They ensure compliance with all applicable laws, regulations, and accounting standards, including those set forth by the State of Washington and federal agencies.

Student financial services is another key area. The Finance Office assists students with understanding their tuition bills, payment options, and refund processes. They strive to provide excellent customer service, answering student inquiries and resolving any financial issues that may arise.

Beyond these core functions, the Finance Office also handles various other financial matters, such as managing the university’s investments, overseeing payroll operations, and coordinating the annual financial audit. They work with external auditors to ensure the accuracy and integrity of the university’s financial statements.

The Finance Office staff are dedicated professionals with expertise in accounting, finance, and related fields. They are committed to providing accurate, reliable, and timely financial information to support the university’s mission of providing high-quality education and serving the community. They continually seek to improve processes and adopt best practices to enhance efficiency and effectiveness.

Ultimately, the EWU Finance Office plays a vital role in ensuring the financial health and stability of the university, enabling it to fulfill its academic and research goals. Their commitment to responsible financial management allows EWU to provide a valuable educational experience for its students and contribute to the economic and social well-being of the region.