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This issue covers the various benefits that Stanford enjoys as a tax-exempt organization, risks and compliance requirements associated with these benefits, and the roles and responsibilities of employees and key members of the financial ecosystem.Newsletter
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Bank Closure Impacts and Resources
This article provides a summary of guidance for suppliers and employees who are impacted by recent bank closures, for example Silicon Valley Bank.Announcement -
Expenditure Type and Object Code Updatesopen_in_new
Updated three sections: new expenditure types, new object codes, and changes to existing expenditure types and object codes.
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Cash and Check Deposit Enhancements
This project involves identifying and implementing system and/or process solutions for all deposit streams currently relying on the CASHNet system.
Financial Management Services (FMS) is supporting current improvements to how cash and checks are deposited while developing other enhancements to these processes and systems for future roll out across the university. These changes primarily affected CASHNet processes used by the campus community...Announcement -
Deposit Cash and Checksopen_in_new
Deposit methods changed. Interim lockbox for checks will be retired.
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Turning Feedback Into Action
FMS uses the Client Satisfaction Survey to gather feedback from faculty and staff that fuels action plans for continuous improvements. This article covers the latest on those projects.Announcement -
Bank Accounts and Servicesopen_in_new
Clarification on the transfer of funds as well as management of bank accounts
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Deposit Cash and Checksopen_in_new
Added deposit email details, internal control measures, and refreshed deposit guidelines
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Types of University Receiptsopen_in_new
Clarified the purpose and variety of receipt types with refreshed guidance on examples, considerations and how to process each
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Incoming Wire Transfers and ACH Paymentsopen_in_new
Consolidated and updated incoming wire instructions
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