Weekly, as refunds are processed by the Bursars Office, separately from vendor checks
Obtain notification from the Bursar that student refunds have been processed.
Accountants run processes to feed transactions from the accounts receivable module to finance.
Run student refund invoice selection on a separate day from vendor invoice payments.
Follow the same steps as vendor checks from FTICHKS to print refund checks.
Forward check register report from FABCHKR to:
Deliver checks to Cashier to distribute to students with ID.
Cashiers:
FURFEED Finance Feed Sweep Process
Printer: database
Report Mode:
FURAPAY Refund Interface
Printer: database
Bank Code: 56 – Accounts payable
FZRBKDF Student Refund Bank Code Default
Printer: database
Bank Code: 56 – Accounts Payable
Save
Related > Review Output > select file name
Tools > Show Document (Save and Print File)
Results should show “Successfully executed the FZRBKDF script”
AP Clerks to create Direct Pay Request manual payment to Higher One – NEED FOAP.
Accountant to initiate wire transfer.
Controller/CFO to approve wire transfer.
Notify students that refund checks are available to pick up.
Mail checks that have not been picked up within 10 days to students' address of record.
When it is determined that a vendor has not received a check, an incorrect check is printed, or a vendor check is returned in the mail, the check must be voided both in the accounting system and at the bank. Unless the check is a duplicate payment, generally the check will need to be reissued.
Encourage vendors to set up direct deposit payments.
Accounts Payable Manager
Accountants