Reconciliation

Account activity can also be monitored through system inquiry. Project records should match the official records of the University.

In addition to monitoring account transactional activity, the following items should be verified monthly by the project to ensure that account information is accurate. Any discrepancies should be resolved with the Accounting Office.

  1. All deposits made during the month appear in the Cash Receipts section in the IFR reporting module. 
  2. Departmental records of outstanding receivables should agree with the Accounts Receivable section in the IFR reporting module.