The Offices of Research Accounting and Financial Services have merged into one central accounting office, Accounting Services.
The Managing Director position of Accounting Services is currently vacant.
Accounting Services supports the teaching, learning, research and public service missions of TTU by providing financial administration, compliance, and other support services for sponsored project funds.
They serve as a resource to Principal Investigators, College,Departmental, Administrators, and Researchers in the following aspects of the post-award financial administration:
- Account Setup
- Sponsor Billing
- Sponsor Financial Reporting
- External Research-Related Financial Reporting
- Account Closeout
- Financial Compliance
- Service Center Rate Development
- Facilities and Administration (F&A) Rate Proposal and Negotiation
Accounting Services also includes Financial Services, Property Inventory & Reporting, and Tax Reporting. Accounting Services provides the accounting function for Texas Tech University System and Texas Tech University for State funds, institutional funds, and current restricted/endowment funds. The department is responsible for filing the Annual Financial Report with the State Comptroller's Office along with other required state and federal reports. Property Inventory & Reporting is responsible for tagging all capitalized and controlled assets, tracking annual property inventory certifications conducted by departments, and filing related reports as required by the State. The department is responsible for filing tax returns as required by the State of Texas and Internal Revenue Services, including Mixed Beverage Tax Report, Sales Tax Report, and Unrelated Business Income Tax Return.