Accounts Payable is responsible for processing and distributing payments for university business-related services and expense, and application of relevant controls, policies, procedures, Federal and State reporting requirements.
Functions of Accounts Payable include:
- Verifying, entering and processing data from all vendor invoices
- Calculating appropriate payments to include discounts, sales and use taxes
- 1099 reporting
- Process all university travel applications, travel claims.
Accounts Receivable is charged with the proper invoicing within university policies to receive monies owed to the university.