Department Deposit In Transit
For payments you have received but cannot deposit before the Cashiers’ Office month and year end deadlines, please use the following procedures to record a deposit in transit.
To record the deposit in transit in the month the payment was received:
- Debit Department Index A0951 Cash-Department Deposit In Transit
- Credit Department Index Revenue, Unearned Revenue, AR, etc.
To make the physical deposit with UO Cashiers using Banner form TWADEPO the next month:
- Debit CASH, CHEK, or CARD depending how the payment was received
- Credit Department Index A0951 Cash-Department Deposit In Transit
Please note that this account code and procedure should only be used to record payments that you have received but are unable to deposit with UO Cashiers by month end. Established cash handling procedures must be followed as indicated in the cash handling and departmental deposits section.