Scenario: Your group hosted a ticketed event, your attendance was off the charts, and now you find yourself the proud owners of a big wad of cash.
What next? First, we’d like to congratulate you on your event-planning prowess. Second, you need to get that money to a safe place, ASAP.
Want to learn more? This page is here to help. Scroll down to find out how to make a deposit to your group’s university account.
According to University policy, all payments received should be deposited promptly. In practice this means within 1 business day of receiving them.
So, if your event (or other sale) was on a Thursday, you should deposit your cash or checks by 4:30 PM on Friday. If you took in the money over the weekend, 4:30 PM on Monday is your expected target.
If you receive a check in the mail, you’re expected to deposit it as soon as possible after it’s in your possession.
There are some required steps to get your proceeds ready to hand over. You’ll need to count your cash twice, stack the bills and sometimes roll the coins. There’s also a form to complete with your organization account codes.
Where can you find your account codes? Your advisor, treasurer and/or SBAC rep should be able to help. We also provide some sample coding for various situations below.
Finally, you’ll want to keep good records, in case someone has questions later. For detailed instructions, keep reading.
Deposits should be taken in person to the Cashier’s Window in Student Financial Services, Reynolda Hall 107.
Student Financial Services Hours: 8:30 AM – 4:30 PM, Monday through Friday.
Please be advised that from November 17, 2017 to early January, 2018, Student Financial Services will be temporarily relocated to the basement of Reynolda Hall in Rooms B07 and B09 while their space is being renovated.
Planning for your personal security and the security of your funds
Perfect deposits every time!
*You’ll notice on the examples we use XXX to take the place of your actual account numbers. To create a successful deposit, you’ve got to provide your SBAC or Agency account number. If you’re not sure what the correct number is, contact your Advisor before going to the cashier’s window.