Policy Notes: Organization Suspense Accounts (OSA)

An Organization Suspense Account (OSA) is a PTA that is set up for each organization to hold payroll transactions that have been rejected by the Oracle Financials system.

An OSA audit review in 2011 concluded that OSA transactions are not consistently cleared in a timely manner. Delays in OSA clearing result in:

  • Sponsor (and other party) invoice errors, as accounts are not charged in the appropriate time frame
  • Year-end departmental overdrafts due to accounts being over/under budgeted
  • Fraudulent activity that is not identified in a timely manner
  • Delay in collecting money due to the University
  • Uncollectable outstanding balances due to non-compliance

In January 2012, the University implemented a policy to expedite the clearing of OSAs. This policy includes a 'sweep' process that periodically moves suspense transactions to clearing accounts and imposes a $25 fee for each payroll line not cleared from an OSA by the published deadlines. OSA balances are transferred with the 51610 expenditure type which burdens at the highest burden rate available. For current rates, visit Stanford Rates on the DoResearch web site.

FY15 OSA Clearing Process for Departments
Transactions Posted to OSAs for Pay Periods between: Deadline to Originate OSA LD Adjustments Deadline to Approve OSA LD Adjustments Action Description
09/01/2014 and 11/30/2014 01/30/2015 – 5PM 01/30/2015 – 5PM

Remaining suspense balances will be swept to the designated Transfer PTA on file

A $25 per payroll line fee will be charged and posted to JAN-2015
12/01/2014 and 02/28/2015 03/31/2015 – 5PM 03/31/2015 – 5PM

Remaining suspense balances will be swept to the designated Transfer PTA on file

A $25 per payroll line fee will be charged and posted to APR-2015
03/01/2015 and 05/31/2015 06/30/2015 – 5PM 06/30/2015 – 5PM

Remaining suspense balances will be swept to the designated Transfer PTA on file

A $25 per payroll line fee will be charged and posted to JUN-2015
06/01/2015 and 07/31/2015 08/14/2015 – 5PM 08/14/2015 – 5PM

Remaining suspense balances will be swept to the designated Transfer PTA on file

A $25 per payroll line fee will be charged and posted to AUG-2014
08/01/2015 and 08/15/2015 *08/28/2015 – 5PM *08/28/2015 – 5PM

Remaining suspense balances will be swept to the designated Transfer PTA on file

Fees will be waived
08/16/2015 and 08/31/2015

*09/04/2015 – 5PM

*09/04/2015 – 7PM

Remaining suspense balances will be swept to the designated Transfer PTA on file

Fees will be waived

* Year-End Close Deadlines


Please note:

  • The $25 fee will not be imposed for the 8/15/15 and 8/31/15 pay periods.
  • Requests for fee waivers will be reviewed on a case-by-case basis
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