Published November 28, 2017
Managing a service center includes invoicing customers for goods or services rendered. Follow these best practices for timely invoice approval and processing.
Remember you should never be charging rates that have not been approved through the rate development process which was developed by Financial Management to work closely with our customers during the process.
There are standardized forms for the development of service center fees . Included in these forms are standardized calculations which will provide managers and leadership with a component cost breakdown for the fees, including subsidies, to assist with the sustainability of services and programs.
Financial Management is here to help. If you would like to have the cost accounting team review an invoice prior to submitting for payment you can reach out to the team.