Monitoring Controls Over Accounts Receivable Key Processes

Purpose

This document should be utilized by campus and RF central management teams responsible for the Accounts Receivable billing and receipts processes as a guideline for developing monitoring and review procedures.

Note: This document only includes key processes and is not a fully inclusive listing of the controls to be created, rather a high-level guideline for the campus management teams to assist in developing your monitoring controls environment.

Invoice Generation


Monitoring Controls:

RF Central & Campuses


Reports used for Monitoring Activities:

Customer Setup/Maintenance


Monitoring Controls: RF Central


Reports used for Monitoring Activities:

Invoice Receipt Processing


Monitoring Controls:

RF Central and Decentralized Campuses


Reports used for Monitoring Activities:

Collections


Monitoring Controls:

RF Central and Campuses


Reports used for Monitoring Activities:

Closing of Awards and Projects


Monitoring Controls:

RF Central and Campuses

Reports used for Monitoring Activities:

Posting to the General Ledger

Monitoring Controls:

RF Central

Reports used for Monitoring Activities:

 

 

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