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Financial Rep MeetingFebruary 17, 2014
CONTROLLER’S OFFICESTUDENT FINANCIAL SERVICESJOHN BEMBRY
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Changes to Accounts ReceivableFrom a staff perspective we are
able to see accounts receivable in much greater detail
Student Central provides an itemized breakdown of all activity on an account ◦Including clearly delineated referential
integrity Tying payments, waivers, and adjustments
to the charges that they affect, right on the screen
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Accounts Receivable
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Accounts ReceivableThe system also delivers a robust internal
collection engineProvides electronic workflow and routing of
accountsShould result in a higher collection rate on
student and organizational accounts ◦ Without the assistance of external collection
agenciesSimplicity of the views + agility of
configurable items◦ Better service quality as well as better revenue
collection
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Key Concepts
• EMPLIDs uniquely identify students or other entities that can be charged for goods or services in Campus Solutions
• Charges cannot be added unless the student or customer has an EMPLID
Creating and Identifying
AR Customers/EMPLI
D
• Item types are the foundational building blocks of charges and payments in Campus Solutions
• They are 12 byte numeric sequential codes that represent the accounting structure of a department
Item Types
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Additional Concepts• Charges in Campus Solutions
should be posted with a Term and Due Date
• If no term or due date are provided by departments, these values are defaulted to the current term and due date as understood by Student Financials
Terms / Due Dates
• Student Financials produces monthly statements that include charges for students and non-students
• Statements sent at the end of each month with pertinent information to the charge or originating department
Statements/Billing
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New Features
Self
Service
• Allows students to view charges, bills, and account activity online
• Students can make payments with ECheck, FSUCard, or major Credit Card
• A convenience fee will be assessed for online transactions
Payment Priority
• Allows Student Financials to establish a hierarchy to determine which charges will be paid first
Student Financial Services Contacts
• [email protected]• 850-644-9457
John Bembry Associate Controller
• [email protected] • 850-645-6806
Angelise Card Coordinator of
Collections
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