Issuing a receipt from an official University manual receipt book. Cost centres other than Finance that have approval to receipt revenue, can obtain an official University manual receipt book from the Campus Finance Office.
Official University manual receipt books are printed in triplicate and distributed as follows:-
White copy to payer;
Pink copy to Campus Finance Office with monies for banking; and
Yellow copy remains in receipt book.
Official University manual receipt books are pre-numbered and accountable documents and are to be held in a secure place. Any cancelled receipts are to be accounted for and signed off by the staff member’s supervisor.
All monies along with the corresponding pink receipts, are forwarded to the Campus Finance Office for banking. Monies are to be banked on the day of receipt, or as soon as possible thereafter. Monies are to be stored in a secure safe prior to being forwarded to the Campus Finance Office.
The Cashier is responsible for the collection and receipting of University revenue.
The operating hours and location of cashiers on each campus are available by contacting Finance on ext. 4215.
An invoice is raised to recover monies from external organisations in return for goods or services which have been provided by the University.
Examples of Invoices
Invoices are raised for a wide variety of goods and services including:-
Hire of facilities and equipment (eg: student residences, lecture theatres, chapels)
Research grants awarded for specific projects
Non-compulsory field trips
Recovery of salaries from other organisations
Rental of Premises
Raising an Invoice
When goods or services have been provided on credit, an Invoice Request is completed to enable a University invoice to be sent to the client Debtor. To raised the Invoice request, a web-based on-line request facility allows the request to be simply completed by accessing details from the University Finance System. On completion the Request is immediately sent to the Accounts Receivable Officer responsible for administering the Debtor system.
Guidelines are available to assist with completing the Request.
An official University invoice will be raised and recorded in the Financial Management System Technology One, thereby allocating income to the project code indicated in the invoice request. Finance will be responsible for follow up of outstanding invoices. Should Finance encounter difficulty in recovering a debt, the area that requested the invoice may be called upon for assistance. Should this be unsuccessful the University will consider legal action or write back the debt. Any write back will result in a correction of the original in come entry back to the originating project code.
Academic Consultancy revenue (net of GST if applicable) is apportioned between the school (70%), faculty (15%) and University overheads (15%). However, a Faculty may choose to forgo its portion of the income.