Cash Payment and Revenue Collection Support
- Service available to: Faculty, Staff, Researchers
- Themes: Help and Support, Invoices and Payments
- Service Category: Banking and Treasury
- Service Areas: Cash Handling Management, Accounts Receivable, Banking Services
- Fees May Apply:
Description of Service
This service provides colleges and units who accept payments for any goods and services with access to support for the collection of the revenue. This service enables the collection of payments to the university in the form of cash, cheque, debit card, credit card, and electronic funds transfer.
This service includes:
- Accepting cash and cheques, processing them to be sent to the bank, and recording them in the university’s financial system.
- Managing the university’s armoured courier pick up service and facilitating direct pick up for colleges and units that need it.
- Managing the university’s card processing vendor for debit and credit cards, including assisting units to become set up as a university merchant and recoding debit and credit card transactions in the in the university’s financial system.
- Accepting Electronic Funds Transfers sent to the university.
- Overseeing institutional accounts receivable that units can use to record their billings for central collection of those revenues.
Access
Cash payment and revenue collection support is provided by the Treasury Office. For assistance, contact the Treasury Office:
- Email: treasury@usask.ca
Availability of Support
Core Hours: 8:00 am-12:00 pm and 12:45 pm–4:30 pm Monday to Friday
After Hours: N/A
Service Standards
- Cash received by the Treasury Office is deposited daily.
Service Exclusions, Limitations, and Restrictions
- Accounts receivable are set up only for companies and organizations, not for university employees or individuals.
- Units that handle their own accounts receivables due to their volume of sales can still have the Treasury Office accept their cash.
Service Charges
- Armoured courier pick up services have a charge that is passed on to units if units choose to have direct pickup.
- Debit and credit card processing has associated fees and costs (i.e. equipment rental and transaction costs).
Additional Resources