- Related
- FMS Knowledge Hub - Deadlines
- FMS Knowledge Hub - Standing Data
- FMS Knowledge Hub - Transactional Data
- FMS Knowledge Hub - Interim Processing Arrangements
- FMS - Support
- FMS - Currency
- FMS - Access Log-on
- FMS - Browsers
- FMS - Customers
- FMS - Expenses
- FMS - FIS
- FMS - Journals and Budget Transfers/Virements
- FMS - Pecos
- FMS - Petty Cash
- FMS - Products
- FMS - Purchase Cards
- FMS - Purchase Orders
- FMS - Purchase Invoices
- FMS - Goods Receipting
- FMS - Projects
- FMS - Reporting
- FMS - Requisitions
- FMS - Sales Orders
- FMS - Suppliers
- FMS - Users and Roles
- FMS - Alerts
- FMS - Student Placements
- FMS - Request for Payment
- FMS - PO Commitment Documents
- FMS - A to Z
- FMS - Guidance for Staff
- FMS - Updates
- FMS - Hints and Tips
- FMS - Common Error Messages
- Guidelines on FMS Hard Copy Document Retention
- FMS - Approver Guidance
- FMS - Mobile App for Tasks
- FMS - Substitutes
- FMS - Funds Check
- FMS - GL Posting String
- FMS - 900 Income
HR Policies
A full list of HR policies and procedures is kept on the Staff section of the University's website.
Applications are now welcome for the Cycle to Work Scheme.
General
When entering transactions in FMS the currency will default to GBP. Further information on how to change the currency when entering different transactions is included in the relevant training manual. See also some specific notes below.
Regardless of the currency entered, FMS will convert the transaction to GBP using the current FMS exchange rate. FMS exchange rates are updated at the start of each month based on the rates used by the Cambridge payments system (used by the University for making payments in foreign currencies).
All reports on FMS are setup to show the GBP value.
Exchange rate gain/loss
Any gain/loss resulting from a difference between the exchange rate at the time a transaction is entered versus the exchange rate at the time a payment is made/income received is recognised against the sub project the expenditure has been incurred against/income has been allocated to.
Requisitions
Currency is linked to the supplier settings. If you select a non GBP supplier, the currency code will appear one you enter the product code and select tab. Avoid changing the currency as this is linked to the supplier.
Sales Orders
Currency not GBP – when a user chooses a currency other than GBP a task will automatically workflow back to the user to identify that they need to verify the currency.