What is a Departmental Deposit?
Departmental deposits are submitted to record any money received by the department from sales or services.
If your department receives a check for a transaction that has been processed by Accounts Receivable, the check must be sent to Accounts Receivable for depositing and payment posting. DO NOT deposit the check via the departmental deposit process.
When do I submit a Departmental Deposit?
Deposits totaling $200 or more must be submitted to the bank within a day of receipt & uploads must be completed by the following day. Deposits totaling $199 or less must be processed within a week.
Departmental deposits are completed via Transact Campus.