Revenue deposits into Non-Sponsored accounts may be initiated at any point during the duration of the project. Most deposits arrive in two forms, checks and wires.
University at Buffalo (UB, university) departments that handle cash and cash equivalents must have both an awareness of and commitment to strong internal controls. Internal controls encourage good stewardship, safeguard assets, promote accurate financial reporting, prevent mishandling and loss of funds, and protect employees from allegations of impropriety. University departments that collect cash and cash equivalents are responsible for implementing strong internal controls.
The university's preferred method for receiving payments is via
the ePay process, collection through a student account for
student-related charges, electronic funds transfer (EFT), and
credit or debit cards.
Ensure that a check, cash handling procedure is in place in accordance with the Safeguarding Cash and Cash Equivalents Policy.
Please complete a deposit transmittal form and forward to:
418 Crofts Hall
If wire or electronic information is sent to the vendor, please notify the Non-Sponsored Group of the pending deposit. This information can be forwarded to the appropriate personnel to watch for the funding. This ensures that the funding will be properly identified and applied to the account without delay.
All external funding will be assessed a General University Service Fee (GUSF).