Cash Receipts

Cash Receipts are used by all UBC Departments to record funds (e.g. cash, cheques, bank drafts, etc.) received from external sources, in the FMS General Ledger.

Only Canadian Dollar and US Dollar currency deposits can be recorded in the FMS General Ledger. All other foreign currency deposits need to be converted into Canadian Dollars before being recorded as a Cash Receipt.

NOTE: Cash Receipts are only used to record funds received. The cheque(s) listed on the Cash Receipt still needs to be deposited. Please refer to Banking Procedures for cheque-deposit procedures.

A Cash Receipt Journal Transaction is completed through WEB CASH RECEIPTS – Cash deposit information is processed via the On-Line Cash Receipts function (requires FMS nQuery access).