![]() ![]() ![]() If the payment references a Z- or 508-invoice, record this under Legacy Invoice (Column AA).The bank account (Federal Local Funds, etc.) under Bank Account (Column Y).The amount actually paid under Amount, not amount due (Column X).The date of the bank statement under Payment Date (Column W).When Sponsor is located, record payment information for ACH payments on the Find Sponsor Invoices workbook DRAWS can be found in the Workday Inbox - Letter of Credit Draw Down emails.Other search options include MyResearch, IPP (Federal Payments, and ACH payment inbox.If not known, search for the invoice/award by Amount Due. ![]() If known, search for the invoice/award by Bill-to-Sponsor or by invoice number.Match Bank Statement Line to Sponsor Invoices Also search by amount and MyResearch for any information to identify the deposit.Compare amounts paid to amounts due in the Find Sponsor Invoices workbook.LOCs are reconciled in a Payment for Letter of Credit Draw Down task generated by a SPS accountant and sent to a Workday Inbox. LOCs have a unique recognizable digital signature such as NSF, NIFA, ASAP, NASA, DOE and Pay Mgt System. An accountant creates a pre-approved draw on the vendor's account which is paid via ACH deposit. LOCs are a consolidation of invoices paid by a FEDERAL vendor at one time. LOC receipting and ACH receipting are separate processes although payments for both are found on the Bank Statement Line Report. After the report has been filtered and sorted, the remaining entries are the potential SPS deposits.Anything with an SPS invoice number, including.Anything with a reference number ending in -10043.The following payments are frequently for SPS (Draws are in red) Alive – this is perspective student orientation ![]()
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