Controller's Office Policy on Accounts Receivable
Effective Date: July 1, 2003
Last Reviewed: July 1, 2015
Interim Date: July 21, 2015
The purpose of this policy is to provide guidelines for the processing of approved invoices for payment of goods and services from internal and external suppliers within compliance with College and external rules and regulations.
All payments for goods and services will be processed in accordance with sound internal
control, based on vendor invoice matched to receiving documents or verification of
completion and purchase order that permits recording of expenditures in the general
ledger and allows for appropriate scheduling of payments. The President or Senior
Vice President for Finance must approve any exceptions.
This policy is currently awaiting approval. You can view the interim policy to the right or by clicking here.