Finance Office

Managing your accounts

Systems and toolkits to help you keep an eye on accounts and finances

Need help?
Please send questions and comments about the ABC Toolkit to
Email us for all other information about accounts.

UITS Managers' Accounts

"How much money do I have?" is one of the Finance Office's most frequently asked questions. Fortunately, there are reporting tools to help monitor and review your accounts.

Please use the following reporting tools to regularly review your accounts:

Monthly reporting

  • UITS monthly statements: available at the end of each month; provides month-end snapshots of different university accounts; contains archived reports

Up-to-date reporting

  • Balance and Transaction Manager (BaTMan): BaTMan enables you to quickly and easily review consolidated income and expense balances for your accounts/subaccounts and to drill down to the underlying balance details. It also provides significant flexibility and transparency—giving you a number of built in filters while allowing you to view all UITS accounts/subaccounts. To learn more, please watch our BaTMan training videos or open it up and click the "?" box at the top right of the webpage.


Activity Based Costing (ABC)
At UITS, ABC is an annual process that allocates costs (expenses) to our services and is used to better understand, analyze, and report on the cost of providing those services.

The ABC App

The ABC app helps determine both the total cost and unit cost of UITS services. Annually, UITS divisions update their service lists and provides them to the Finance Office (FO). The FO then loads the lists and expense data into the ABC app. Managers then use the app to allocate personnel and non-personnel costs by account/subaccount for their services. The FO uses the allocations to calculate total and unit costs for each service and to compare them to the results of the user satisfaction survey.

After the FO completes its analysis, final results are provided to Division Leaders.

Budget Construction

Indiana University runs on a 12-month fiscal year cycle (July 1–June 30). The OVPIT and UITS budget preparation cycle typically takes place each spring, ending in April. Please review the following for additional infomation:

Finance Office's accounts

The Finance Office uses account numbers to differentiate sources and purposes of funds. Download the UITS account cheat sheet to view the specifics.

Budget analysis

Managers and directors are expected to actively manage their budgets. This will help the Finance Office prepare forecasts. The Finance Office will then analyze the budget variance, which is the difference between the budgeted amount minus the actual transactions (cleared), pending transactions (encumbered), and projected transactions (forecast).

If the office discovers potential complications during analysis, it will contact the involved managers or directors to help resolve the problem and/or prevent them in the future.

Expense Review Committee - ERC6

Over the past two decades, OVPIT has constructively financed much of the growth of IT services to IU through the Expenditure Review Committee (ERC) process.  ERC is an effective way of establishing pools of funds to invest in new strategic IT services that support the mission of Indiana University.  ERC encourages each team within OVPIT to look at which of their services can be repositioned for greater efficiency, operated in a less costly way, or eliminated.  The resulting pool of ERC funds returned will then be reallocated to fund strategic OVPIT offerings that go through the Divisional Leadership process of submission, evaluation/discussion, and recommendation to the CIO for approval and subsequent funding.  As we enter our third decade at UITS, a new ERC, ERC6, will allow us to adapt to new demands and enable the University to continue its mission of education and research. See the links below for additional information and resources related to ERC6.

*access restricted to Finance Office employees