Departmental Deposits in Transit
Business Affairs Office News
bao-news at lists.uoregon.edu
Tue Dec 15 08:46:27 PST 2015
The Business Affairs Office (BAO) Financial Services Department would like to remind University of Oregon (UO) personnel of the use of account code A0951 Cash-Department Deposit In Transit. For payments you have received but cannot deposit before the Cashiers' Office month and year end deadlines, please use the following procedures to record a deposit in transit.
To record the deposit in transit by JV in the month the payment was received:
Debit Department Index A0951 Cash-Department Deposit In Transit
Credit Department Index Revenue, Unearned Revenue, Accounts Receivable, etc.
To make the physical deposit with UO Cashiers using Banner form TWADEPO the next month:
Debit CASH, CHEK, or CARD depending how the payment was received
Credit Department Index A0951 Cash-Department Deposit In Transit
Please note that this account code and procedure should only be used to record payments that you have received but are unable to deposit with UO Cashiers by month end. Established cash handling procedures must be followed as indicated at http://ba.uoregon.edu/staff/cash-handling-and-departmental-deposits.
BAO Financial Services Department
Phil Davis, 6-3524, pdavis at uoregon.edu
Jill Ritz, 6-1256, jritz at uoregon.edu<mailto:jritz at uoregon.edu>
Robbin Howard, 6-1115, rchoward at uoregon.edu<mailto:rchoward at uoregon.edu>
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