Financial Operations

Welcome to the University of Michigan Financial Operations website! Whether you're a faculty and staff member, student, parent, alumni of the university, or simply visiting the website to learn more about the institution, it was designed to help you easily and quickly get the information you need.

Financial Operations is comprised of a number of departments that provide a wide range of financial services on behalf of—and for— the university community. These departments include Accounting Services, Financial Reports, Payroll, Student Financial Services, Student Loan Collections, and Teller Services. You can access information about these areas and the services they provide through the navigation on the left side of our website.

Our entire organization is focused on providing our customers with outstanding service. And a robust, user-friendly website is an integral way that we provide you with useful information about Financial Operations and the breadth of services available through our organization. I encourage you to spend some time exploring the website to learn how it can best meet your needs. If you have any comments about the Financial Operations website, please e-mail them to me.

Cheryl L. Soper
Controller and Director of Financial Operations

Enroll in the Fall Term 2014 U-M Payment Plan Today!

The U-M Payment Plan is offered for Fall and Winter terms and allows each term’s educational expenses to be spread over five equal installments. 

Monthly time reporting schedule changing in March 2014

This message was sent on December 18, 2013 to campus deans, directors, and department managers; finance and human resources unit liaisons; campus timekeepers and timesheet approvers; and impacted campus monthly employees. It included information about a change in the monthly time reporting schedule that will take effect in March 2014. In recent years, the university has moved to an electronic time entry model. In addition to being more cost-effective and supporting the university's sustainability efforts by eliminating paper, this approach is more efficient and accurate for employees as well as units.

Read the rest of the message and see other resources

Interactive version of U-M's FY 2013 Financial Report now available

Check out the new, interactive version of the university's Annual Financial Report, which features tablet-compatible, page-flip technology, and links to additional content from videos to news stories.

Do you have questions concerning your student account?

If you have questions concerning your student account or your student eBill, please contact us! Our office may be reached toll free at 877.840.4738 or by email at

Benefits Recharge Distribution Rate for FY 2013

After careful review, the university’s executive vice presidents have approved a benefits recharge distribution rate of 1.95 percent of payroll for Fiscal Year 2013.

Non-Sponsored Chartfield Request Forms Updated

The request forms for Project/Grant, Shortcode, and Endowments have been updated. The new forms can be found here:

Endowment Distributions Easier to Find in your Statements of Account

Based on your feedback, we’ve modified the accounts used for quarterly endowment distributions so that they’re easier to find and understand.

Fiscal Responsibilities

Any University Department with transactions in the general ledger is responsible for following the Standard Practice Guide policy on fiscal responsibilities under

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