 Reminder: CrimsonConnect Accounting Book is a Manual Tool
A friendly reminder from the Student Comptroller Team:
The Accounting Book in CrimsonConnect is a MANUAL tracking tool for RSO Treasurers. It DOES NOT automatically update or sync with any of DU's financial systems.
It is the Treasurer’s responsibility to maintain accurate financial records for their RSO. The Accounting Book can help you do this - but you MUST MANUALLY ENTER all transactions using the “+Add Transaction” button and selecting “Group Funds.”
Important:
The Accounting Book does NOT connect to DU Finance systems.
That means the following will NOT automatically appear in your Accounting Book:
If you want those reflected in your Accounting Book, you must enter them yourself.
What Gets Entered for My RSO?
The ONLY transactions entered into the Accounting Book on behalf of your RSO are:
Everything else must be entered manually by your Treasurer.
What About Fundraising / Sales Accounts
If your RSO has a Fundraising or Sales account:
What Total Do I Look At in the Accounting Book?
Above is a screenshot of an Accounting Book in CrimsonConnect - here's what you're looking at:
RED CIRCLE – total allocations/revenues (showing $1,000) – This is the total amount of money recorded as coming into your account over the lifetime of your Accounting Book.
BLUE CIRCLE – total expenses (showing $100) – This is the total amount of money recorded as spent over the lifetime of your Accounting Book.
GREEN CIRCLE – total balance (showing $900) - This is the most important number to monitor. It reflects Total Allocations/Revenues minus Total Expenses
(Based only on what has been manually entered.) Your balance is only accurate if your entries are accurate.
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