Journal Vouchers

Journal Vouchers (JV) are used to process current accounting entries, allocations and corrections for which other means of entry into the financial system are not available. These document types (JV01) are initiated using the JV Form (Excel). 

JVs are appropriate for correcting an incorrectly recorded check, cash receipt or other expenditure. They are also used to allocate charges for shared activities between departments when paid on a single org/fund.

JVs are not for moving unpaid encumbrances or processing current fiscal year labor changes. Visit the Position Management page for information on labor redistribution. 

Journal Voucher Form (Excel)

  1. FY - Enter Current Fiscal Year
  2. Journal Type - Defaults to JV01 (can change when appropriate)
  3. Document # - Leave Blank (this number is assigned by Banner when keying the JV)
  4. Document Total - Sum of debits and credits (if more than one page, sum all pages on page 1)
  5. Page __ of __ -  Auto-populates
  6. Coordinated/Authorized by - Coordinating department signature
  7. Fund - Fund Code to debit or credit (even if same as default)
  8. Organization - Org Code to debit or credit (even if same as default)
  9. Account - Account Code to debit or credit (please ensure credited account code matches the information in Banner)
  10. Program - Use Program Code only if a mismatch has occurred
  11. Activity - Use Activity Code only if work order activity number is assigned
  12. Amount - Amount to debit or credit (DO NOT enter negative values)
  13. D/C - Debit or credit indicator
  14. Description - List Banner document number, vendor and date posted
  15. Explanation - Provide the detailed reason for the JV
    1. Explain why you are doing the JV, not what you are doing
    2. Answer the question, "is it reasonable, allowable and applicable to the restricted or unrestricted fund?"
    3. Unacceptable explanations include; no fiscal officer available, reconciler out sick, missed the reconciliation deadline and moving to correct org/fund
  16. Signatures
    1. Doc Ref # - Enter the unique unit document reference number used to identify a specific JV submitted to OFA when the document is discussed between the two parties prior to JV being keyed into Banner (this field is optional and primarily for dept use)
    2. Prepared by - Full name and date prepared, if eligible type name and sign
    3. Approved by - Signature of person that has the authority to sign for department and date approved
    4. If greater than 60 days after the end of the month when the transaction posted to Banner, the PI needs to sign the JV and cost memo
    5. Dept. Name and Phone - Dept name and phone number of the contact person
  17. Financial Services Use Only - Leave blank

A copy of the Banner screen that shows where the transaction has occurred is required with the JV submitted to OFA.

The explanation on the form must clearly explain the nature of the JV transaction.

Additional information is required for JVs that have not been moved within the 60 day time frame, e.g. a copy of the travel Request, PO or requisition showing the correct accounting.

JVs require approval by a financial manager, Dean or Director. The same individual cannot prepare and approve the form. The preparer and the approver must sign the JV.

Additional coordinating/authorizing signatures are required if the JV involves an org from another department or campus. An attached email message approving the charge is acceptable in lieu of signature.

Routine JVs, such as the monthly Bookstore JV, are processed without coordinating signatures. JVs prepared between restricted funds that are over 60 days from the end of the month that the transaction posted to Banner must have PI signature/approval.

At a minimum, JVs are reviewed and approved once a day by OFA. OFA will contact the preparer and/or approver if additional information or corrections are needed. JVs are keyed within 3-4 business days of receipt of the document as long as it is completed correctly.

If you know your JV document number, the best way to view the entire document is in Banner screen FGIDOCR (Document Inquiry Retrieval Form). Enter the document number and click "Go" to retrieve the JV's sequence lines.

Other Banner screens such as FGIBDST (Organization Budget Status Form) and FGIBDSR (Executive Summary Form) are available to view the effect of the JV. Select the organization, account and/or fund code and drill-down to FGITRND (Detail Transaction Activity Form). FGITRND is also a good place to check to see if a JV has been processed when the document number is not known.

Each account code has a normal balance default code on the account code table. Assets and expenditure accounts normally have debit balances. Liabilities and revenue accounts normally have credit balances.

A JV requires that the preparer indicate if an entry is a D (debit) or a C (credit).

A transaction in an expense account with a C indicator will have a (-) sign in the Banner detail transaction activity because a credit will decrease expenditures.  A transaction in a revenue account with a D indicator will have a (-) sign in the Banner detail transaction activity because a debit will decrease revenue.

Likewise, a transaction in an expense account with a D indicator will have a (+) sign in the Banner detail transaction activity because a debit increases expenditures. A transaction in a revenue account with a C indicator will have a (+) sign in the detail transaction activity because a credit increases revenue.

Visit the Training page for a recording of the helpful JV training session.

JV Form (Excel)

JV Preparation (PDF)

JV Process (PDF)

 Our staff is happy to answer any questions and help navigate the JV process.