Navigating UW–Madison’s financial systems through processing and reporting of accounting data.
How to pay different departments; use custodian funds; manage cash; year-end accounting; use worktags, revenue and spend categories; and tax information.
Accounting Functions
Workday Financial Accounting
How to adjust, transfer, or manually record revenue or expenditures in Workday. Includes journal and source information.
Using the Workday FDM
Essential elements of how UW–Madison transacts business. Historical information about the WISER Chart of Accounts (funding strings, codes).
Tax compliance and reporting
Affecting most purchasing and accounting functions by advancing compliance with the federal and state tax laws.
Capital Equipment
Recording and maintaining information about UW–Madison capital equipment acquisitions, both federally and university titled.
Custodian Funds
Used to manage departmental cash flows and pay research participants. There are two categories: Business and Research.
Fringe and Terminal Leave Charges
How to accurately account for fringe expenses and terminal leave allocation charges in Workday.
Month-End Accounting
How to accurately account for month-end charges such as fringe allocations, terminal leave allocations, and tuition remission charges at UW–Madison.
Year-End Accounting
Completed in July. Transactions from campus are submitted to ensure processing in the correct fiscal year.
Revenue and Expense Transfers
Learn how to transfer money to a different UW–Madison department or a different UW institution.
Accounts Receivable
and Billing
This department provides accounts receivable services, including analysis and collection services for UW–Madison units which sell goods and services.
Tools
This is an accordion element with a series of buttons that open and close related content panels.
Workday
Workday is the system all Universities of Wisconsin universities use to standardize and streamline finance, human resources, and research administration processes.
The Workday Financial Accounting and Pre-Workday Historical Reporting page has information about how to adjust, transfer, or manually record revenue or expenditures in Workday.
Resources
WISER
WISER was the primary financial reporting tool used by UW System prior to the implementation of Workday. WISER houses UW financial information from before Fiscal Year 2026 (July 2025).
WISER is a read-only tool, which means it only reports information; no information can be entered, changed, or updated through the portal.
Note: WISER is on a decommissioning timeline, with a sunset date of September 30, 2029.
The Workday Financial Accounting and Pre-Workday Historical Reporting page has more information about WISER and the historical reporting systems.
Related links
You might also be looking for...
Contact
Accounting Services
21 N. Park Street
Madison, WI 53715-1218
(608) 262-5748
Fax:
(608) 262-5060 – Controller’s Office
(608) 265-9035 – Vendor Relations