Accounting Services

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Accounting Services is comprised of the following functional areas:

• Accounts Payable;
• Accounts Receivables (Revenue);
• Financial Administration;
• Strategic Procurement;
• Salary Packaging; and
• Student Loans and Disbursements.

Accounts Payable

Accounts Payable is responsible for the payment of suppliers, overseas draft payments, corporate card, general staff and student claims, travel claims, staff study and telephone reimbursements, and hospitality and catering claims.

Accounts Receivable (Revenue)

Revenue is responsible for the maintenance of accounts receivable records which includes creating and maintaining customer records, invoicing customers, following up unpaid invoices and outstanding cheques. They also process practice teaching claims and control student loans.

Financial Administration

Financial Administration is responsible for the maintenance of general ledger records which includes account code structure, opening new projects and journal posting. Other responsibilities include compliance and reporting for Fringe Benefits Tax and Goods and Services Tax, financial statements for research and grants, and consulting eligibility.

Strategic Procurement

Strategic Procurement provides advice on the Oracle Financials' Purchasing module, Procurement policies and processes (including tenders and leases), as well as consultancy and motor vehicle monitoring.

Salary Sacrifice

Flexible Remuneration allows an employee to arrange their salary so that a number of allowable benefits that would normally be purchased out of post tax earnings are paid out of their pre-tax salary.

Students Loans and Disbursements

Accounting Services is also responsible for the management of the Student Loans System and the disbursement of Tuition Fees.