
Accounts Receivable (A/R), Invoicing, Collections Scope Applies to deans, directors, and staff handling accounts receivable invoicing and collections. Policy It is the responsibility of the University of Wisconsin to establish the terms and/or conditions for payment at the time an account is created and to follow up routinely and diligently on all accounts receivable. UW–Madison states that all invoices to external customers for the sale of goods or services must be collected within 30 days. Those invoices that have not been collected within 30 days are considered past due. Once an invoice is past due, follow accounts receivable collection procedures. Refer to UW System Administrative Policy 326 – Collections and Write-Offs. External References UWS 326 - Collections and Write-Offs Policy Administration Approval Authority Assistant Vice Chancellor of Business Services and Controller Policy Manager Director of Disbursement Services Policy Contact Compliance Specialist II -- Janet Hamm, janet.hamm@wisc.edu, (608) 265-2909 Policy History Effective Date 5-5-2003 Revised Dates 05-05-2003

Scope

Applies to deans, directors, and staff handling accounts receivable invoicing and collections.

Policy

It is the responsibility of the University of Wisconsin to establish the terms and/or conditions for payment at the time an account is created and to follow up routinely and diligently on all accounts receivable. UW–Madison states that all invoices to external customers for the sale of goods or services must be collected within 30 days. Those invoices that have not been collected within 30 days are considered past due. Once an invoice is past due, follow accounts receivable collection procedures.

Refer to UW System Administrative Policy 326 – Collections and Write-Offs.

Policy Administration

Approval Authority

Assistant Vice Chancellor of Business Services and Controller

Policy Manager

Director of Disbursement Services

Policy Contact

Compliance Specialist II -- Janet Hamm, janet.hamm@wisc.edu, (608) 265-2909

Policy History

Effective Date: 5-5-2003
Revised Dates: 05-05-2003

Accounts Receivable (A/R), Invoicing, Collections