Cash receipting procedures are in place to ensure that all University monies are accurately collected, recorded and banked.
Examples of cash receipts include:-
When an area receives money, a receipt must be issued. This can be done by either:-
Official University manual receipt books are printed in triplicate and distributed as follows:-
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. 2928.
An invoice is raised to recover monies from external organisations in return for goods or services which have been provided by the University.
Invoices are raised for a wide variety of goods and services including:-
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 raise the Invoice request, please navigate to the TechOne login and log in AR Requisitioner workplace.
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.
Any debt that is to be written back must comply with the Financial Delegations policy.
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.