Accounts Receivable

You can find those procedures here.

Forward the sponsor's bank information form or contact information to SPA.AR@email.uky.edu. Research Financial Services and Treasury Services personnel will complete the bank form authorizing the electronic payments and will forward the documentation to the sponsor. This action will ensure that the payments are deposited correctly.

All checks should be made payable to:

University of Kentucky Research Foundation
c/o PNC Bank
PO Box 931113
Cleveland, OH 44193

Forms may be printed from http://www.uky.edu/eForms/

Contact the Research Financial Services Accounts Receivable staff at SPA.AR@email.uky.edu and include the sponsor's name, amount of the payment, and any other available information that might assist Research Financial Services in the payment inquiry.

First, contact the sponsor to see if the payment has been sent.

If the payment has been remitted and cashed, contact the Research Financial Services Accounts Receivable staff at SPA.AR@email.uky.edu to see if the payment has been posted to the holding account or an incorrect project. Include the sponsor's name, date and amount of the payment, and any other available information that might assist Research Financial Services in the payment inquiry.

If the payment has not been remitted, work with the sponsor to collect the cash.

The project WBS element number may have been entered incorrectly or the transmittal information may not have been received by Research Financial Services. Contact Research Financial Services Accounts Receivable staff at SPA.AR@email.uky.edu and include the grant number, transmittal number, the amount of the deposit, and any other available information that could help Research Financial Services research the payment.

Departmental cash receipts – the department should keep copies of the checks, transmittals, and all documentation submitted with the check for posting

Research Financial Services cash receipts – Research Financial Services keeps copies of the transmittals for checks that are received in Research Financial Services, ACH reports, lockbox files, and all supporting documentation related to these cash posting types

Go to transaction S_PLN_16000269 Grants Management: Line Item Display. Choose the variant named CASH RECEIPTS. Enter the WBS element number and click on the execute icon.

When the next screen is displayed, choose the layout RECEIPTS. The amount displayed as the total will be the total revenue (cash receipts and cash transfers) posted to this grant.

Double click on a document number (beginning with 96, 12, or 14) on the display screen to drill into the transaction to see the detailed entry on the FB03 transaction. This action can be especially useful to see if funds have been transferred to or from a different WBS element.

Go to the transaction FB03. Enter the document number and press enter. Click on the TOP HAT icon next to the funnel to display the document header. Look for the UserID in the "Entered by" field.

Go to transaction ZSU01D and enter the UserID in the "User" field and click on the Glasses Icon to display the phone #, email address, and other information of the person responsible for processing the document.

When checks are received prior to the sponsored project being assigned a WBS element in SAP, the department should complete a manual Check Transmittal and deposit slip and deliver the funds to Treasury Services. Leave the GL column blank. In the ASSIGNMENT column of the transmittal, type Research Financial Services HOLDING. In the TEXT column, type NEW GRANT. A note should be attached or written across the front of the transmittal that says: Attn: Research Financial Services. By completing these steps, the money will be posted into the Research Financial Services Holding Account until the WBS element has been set up.

Checks for IRB fees are not posted to the sponsored project. Please contact the UK Office of Research Integrity located at 315 Kinkead Hall (phone: 257-2549) for instructions.

Transmittals originating in the department – copies should be sent to OSPA from the department

Lockbox, EFT, or transmittals originating in Research Financial Services – copies should be sent to OSPA from Research Financial Services.

Reduction of Expenditure – use the same expense general ledger account on which the original charge was posted.

Clinical Trial Income – Non-federal projects use 426006; Federal projects use 415014

Program Income - Additive use 440118; Deductive use 440119

If unsure of the type of income to be posted to the sponsored project, contact your sector Business Officer for assistance.

If the departmental transmittal had an error in the project number, go to the Cash Receipts tab on the Research Financial Services website. Follow the directions on the "Cash Transfer Request Form Instructions" to complete and submit the "Cash Transfer Request Form" to SPA.AR@email.uky.edu. Once the Cash Transfer Request Form and supporting documentation are received, Research Financial Services will post the cash transfer to the appropriate cost objects.

For any other errors, please contact Research Financial Services Accounts Receivable staff at SPA.AR@email.uky.edu and include an attachment of the original transmittal for documentation. Research Financial Services will post any necessary corrections.

Checks for sponsored project WBS elements should not be entered on a transmittal which also contains checks for other cost objects. However, if a department has checks for multiple sponsored projects, a single check transmittal can be completed for all of the WBS elements.

If you have a check that is split between a sponsored project and a departmental cost center or fund, please contact Research Financial Services Accounts Receivable staff at SPA.AR@email.uky.edu for further instructions.

A reduction of expenditure on a sponsored project occurs when a payment is received from a third party (not the sponsor) reimbursing an expense that had previously posted to the project. Examples include but are not limited to:

An unexpected reimbursement of travel expenses by a conference host or a third party after the trip has been taken.

A vendor refund for an overpayment or duplicate payment due to a vendor error.

A refund is received from a sponsored project's subcontractor.

A refund is received from a vendor for items purchased on the sponsored project that were returned to the vendor.

Expenses that do not directly benefit the project (whether personal or university related) should never be charged to a sponsored project because the WBS element is to be utilized only for expenses that are appropriate for completing the scope of work of the project. The WBS element should never be used as a "holding account" to charge expenses that are later reimbursed. Instead, the employee should pay for the expenses directly or a departmental cost center should be used for any expense that is not related to the sponsored project.

If the original expense does not benefit the project in any way, the expense must be moved to a departmental cost center prior to the posting of the reduction of expense. After the expenditure has been transferred to the cost center, complete the transmittal with the cost center and applicable G/L account. The transmittal will then be posted by Treasury Services. Questions concerning the journal voucher and its supporting documentation should be addressed to the Compliance Specialist found on the Account Receivable and Compliance section of the Research Financial Services website.

Complete the check transmittal using the G/L 426006 (nonfederal clinical) or 415014 (federal clinical) and the WBS element. This check must be included as income on the WBS element and is not a "reduction of expenditure."

Follow the normal check transmittal procedure to complete the check transmittal but be sure to use the expense G/L account and WBS element on which the original charge was posted.  Additionally, the online transmittal will use the ZX document type for a reduction of expenditure on a sponsored project.

Provide all of the following:

• A copy of the check being deposited to UK
• Copies of all original payment documentation related to the reduction of expenditure such as DAV's, PRD's, travel vouchers, or Purchase Order invoice transmittals
• A complete explanation of the reason the project is receiving this money
• Any other documentation that will help to explain the reason for the reduction of expenditure

Complete the check transmittal as a normal reduction of expenditure. Sponsored projects are not subject to the same fiscal year restrictions as other cost objects. Therefore, questions concerning reductions of expenditures related to prior fiscal year activities should be direct to the Research Financial Services Accounts Receivable staff at SPA.AR@email.uky.edu for further instructions.

Complete a manual check transmittal and put a note on the transmittal that the project is closed. Research Financial Services will research the reduction of expenditure and the project to determine the best way to handle the issue.

If the check was made payable to the University of Kentucky, the department should utilize a check transmittal to deposit the funds into the WBS element as a reduction of expenditure allocated across the same travel G/ Ls where the expenses were originally posted. Documentation should be provided that shows the original expense and the reason for the reduction of expenditure. If possible, please provide a letter or other documentation from the organizer of the event which shows the reason for the reduction of expenditure.

If the check from the conference organizer was made payable to the individual who presented the research, the employee (or student) should write a check to the University of Kentucky Research Foundation for the amount of the reimbursement. The department will then complete the check transmittal to deposit the check into the WBS element allocating across the same travel G/ Ls where the expenses were originally posted. Documentation showing the original expense and the reason for the reduction of expenditure (preferably a letter or other documentation from the organizer of the event) should be included as backup for the transmittal.