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Get the free Receipt, Custody and Deposit of University Funds

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This document outlines the procedures for handling cash receipts at the University of Houston, specifically for the College of Engineering. It aims to ensure accountability and compliance with internal controls when receiving, depositing, and documenting university funds. Employees are instructed on their responsibilities to prevent theft or fraud and ensure accurate logging and reporting of all transactions.
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How to fill out receipt custody and deposit

01
Start with the date at the top of the receipt.
02
Fill in the name of the individual or organization receiving the funds.
03
Enter the amount of money being received in both numerical and written form.
04
Specify the purpose of the funds (e.g., rent, donation, etc.).
05
Include a unique identifier or reference number if applicable.
06
Sign and date the receipt to acknowledge the transaction.
07
Provide the recipient with a copy of the receipt for their records.

Who needs receipt custody and deposit?

01
Individuals accepting payments for goods or services.
02
Organizations handling donations or fundraising.
03
Businesses requiring acknowledgment of cash transactions.
04
Anyone involved in financial transactions that require documentation.
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Receipt custody and deposit refers to the process of safeguarding received payments and ensuring their accurate deposit into the appropriate accounts within a specified time frame.
Typically, organizations and individuals who handle funds or engage in financial transactions, such as businesses and non-profits, are required to file receipt custody and deposit.
To fill out receipt custody and deposit, one should accurately record the amount received, the date of receipt, the source of funds, and ensure proper documentation is attached.
The purpose of receipt custody and deposit is to provide a transparent record of funds received, maintain accountability, and ensure that funds are deposited safely and timely.
The information that must be reported includes the date of receipt, the amount received, the payer's details, purpose of the payment, and the deposit location.
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