What is it?
A deposit occurs when funds received during the sale of goods or services are delivered to the Cash Office (Receipt Accounting) for safe keeping and eventual transfer to the University’s bank. To complete a deposit, the unit or individual who has collected the funds must prepare a Deposit Form, bundle it with the funds received, and drop it off to the Cash Office at 301 Robertson Hall where it will be verified, recorded into the University’s general ledger, and picked up by a secure service for transfer to the bank.
Why is it important?
It is important to deliver funds to the Cash Office within 5 days, as per the Cash Handling Policy, to ensure your revenue is recorded and the money is secured in a safe place.
Where do I find more information?
For more information, please read the University’s Cash Handling Policy or email the Cash Office.