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.

Policy Statement

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.