check requisition form and policy

16
06/06/22 1 CHECK REQUISITION CHECK REQUISITION FORM AND POLICY FORM AND POLICY Elsa Liauwapau Accounts Payable and Disbursements Manager [email protected] Phone 305-284-2287

Upload: josephsam

Post on 05-Dec-2014

1.391 views

Category:

Documents


1 download

DESCRIPTION

 

TRANSCRIPT

Page 1: CHECK REQUISITION FORM AND POLICY

04/10/231

CHECK REQUISITION CHECK REQUISITION FORM AND POLICYFORM AND POLICY

Elsa LiauwapauAccounts Payable and Disbursements Manager

[email protected] 305-284-2287

Page 2: CHECK REQUISITION FORM AND POLICY

04/10/232

Topics for Discussion Topics for Discussion

UM Direct Expenditure Requisition Policy D10

Check Requisition Form

Page 3: CHECK REQUISITION FORM AND POLICY

04/10/233

ObjectiveObjective

At the end of this workshop, each participant should be able to:

Determine when the check requisition form can be used

Complete the check requisition form

Page 4: CHECK REQUISITION FORM AND POLICY

04/10/234

Policy WEB Address:Policy WEB Address:http://www.miami.edu/UMH/CDA/UMH_Main/0,1770,11269-3,00.htmlhttp://www.miami.edu/UMH/CDA/UMH_Main/0,1770,11269-3,00.html

OR Go to www.miami.edu/policies_procedures and click on Finance. Then select Non-Payroll Expenditures. Click on D10 Direct Expenditure

Requisition.

Page 5: CHECK REQUISITION FORM AND POLICY

04/10/235

PolicyPolicy

Check Requisition Form (stock #331204) may be used to pay University business expenses when other payment methods are not more appropriate.

Payments for services to University Employees must be made thru Payroll.

Payment for services by individuals, partnerships, and corporations must be made using a Purchase Order and invoices submitted to Accounts Payable.

Page 6: CHECK REQUISITION FORM AND POLICY

04/10/236

Policy continued….Policy continued….

Services provided often involve contact with students, patients and University computer systems and can exposes the University to potential liability claims. Prospective vendors must be approved (Purchasing).

Check Requisitions must be accompanied by original supporting documentation, business purpose explanation, and authorized signatures.

Page 7: CHECK REQUISITION FORM AND POLICY

04/10/237

Disbursements PcardDisbursements Pcard

Disbursements will at its discretion make payments via the DisbPC

Vendor must accept credit card paymentDepartments can use a PCard to pay for

conference registration, subscriptions, books, licenses, etc.

Page 8: CHECK REQUISITION FORM AND POLICY

04/10/238

IRS Tax InformationIRS Tax Information All requests for payment for services performed by

individuals, sole proprietors, and partnerships must include the SS no. or Tax ID no. and permanent address on the check requisition and be accompanied by a completed IRS form W-9.

Services include: - payment to hotels for room rental,

- honorarium (copy of SS card and address)- conference registration fees

This information is also required for payment to corporations for medical, health care ( clinics, labs, hospital) or legal services (law firms).

Payment for Services to Non-resident Alien must include a completed Form W-8BEN

Page 9: CHECK REQUISITION FORM AND POLICY

04/10/239

Disposition of CheckDisposition of Check

All checks must have a postal addressInteroffice mail and Hold for Pick Up no

longer allowed without reason PLUS a Vice President signature.

Only exception for interoffice mail w/o approval is Travel Advance and Petty Cash payment

Hold for Pick UP will be mailed after 5 days

Page 10: CHECK REQUISITION FORM AND POLICY

04/10/2310

Page 11: CHECK REQUISITION FORM AND POLICY

04/10/2311

Completing the Check Completing the Check Requisition FormRequisition Form

1. Check informationA. Indicate resident alien status B. Payee tax id or SS#C. Supplementary form (FA-15) **

not an option at the moment.D. Check amountE. Payee Name

Page 12: CHECK REQUISITION FORM AND POLICY

04/10/2312

Check Requisition Form Check Requisition Form Cont’dCont’d2. Disposition of check

A. Postal Service Address - the street, city and zip code must be provided

B. Check box if enclosure is to be mailed

C. Internal Distribution – Must provide reason and VP signature and check one box.

3. Payment Type Check box that most closely

describes the type of payment.

Page 13: CHECK REQUISITION FORM AND POLICY

04/10/2313

Check Requisition Form Cont’dCheck Requisition Form Cont’d

4. Account InformationA. FRS Bank account no. and Check no.

- Leave blank; completed by the Disbursements Office

B. Account number - valid FRS account number

C. Sub-object code - four digit code that describes the expense

D. Amount - the sum of all amounts listed here must be equal to the amount on line (1d)

Page 14: CHECK REQUISITION FORM AND POLICY

04/10/2314

Check Requisition Form Cont’dCheck Requisition Form Cont’d

5. Explanation & ContactA. Provide an explanation of the

payment request.B. Contact name and number required

to answer any questions that may arise in processing the request

Page 15: CHECK REQUISITION FORM AND POLICY

04/10/2315

Check Requisition Form Check Requisition Form Cont’dCont’d

C. Sponsored Programs approval - required if an account beginning with 6XXXXX is listed in section 4B

6. ApprovalsA. Authorized signature and Print

Name - signature must be on file in the Disbursements Office

B. Dept. Chair/Dean/VP - as required (see policy D-10)

Page 16: CHECK REQUISITION FORM AND POLICY

04/10/2316

Disbursements OfficeDisbursements Office

Coral Gables - Sonia Falloon 284-3564Medical Campus – Susan Kay 284-3564Petty Cash, Agencies –Cathy Ralls 284-

3564Elsa Liauwapau, Disbursements Manager

284-2287 [email protected]