Presentation on theme: "Accounts Payable Changes to Forms & Procedure. Federal Regulation (i.e. IRS) State (i.e., Statute) BSU Policy Daily Operation Many factors must be considered."— Presentation transcript:
Federal Regulation (i.e. IRS) State (i.e., Statute) BSU Policy Daily Operation Many factors must be considered when designing procedures at Boise State University
Vendor Information Form (W9) ALL payments are reportable. Some require withholding. IRS Compliance required of AP = TIN match, EPLS check, 1099 reporting Required for EVERY ‘vendor’ regardless of dollar value or type of payment Citizenship information (W8)
Purchase of Good or Service -------------------$2,000-------------------- Requisition Purchase Order (goods) Contract for Services (service) P-card (preferred) Restrictions on services (NO IC) Vendors not accept Doesn’t fit into daily operation Payment Request
Payment Request (revised) Honorarium & Expense Authorization Non-compensation Payment Request form Host Family Statement of Services Rendered IC Statement of Services Rendered – Non-employee Reimbursement IC Statement of Services Rendered – IC payment Meals & Refreshments (Events) form Public Relations & Alcohol Expense form Petty Cash Worksheet Employee Travel / Reimbursement (T&E) Candidate Reimbursement Stipend & Fellowship Request form No change to policy or procedure related to these forms Consolidated
Payee Information Date Vendor Number (if known) Payee ID (SSN/EIN/TIN) Payee NameRemit Address Check here if new Remit Address Instructions http://vpfa.boisestate. edu/accounts-payable/ http://vpfa.boisestate. edu/accounts-payable/ Under Quick Links If Vendor Number unknown One or the other
Preparer Contact Department Name Preparer’s Name ExtPhoneMailstop Who should AP call with questions?
Payment Designation Payment is for:Supporting documentation:
Payment Designation Payment is for: Supplies If >$2,000 should have contract or Requisition/PO If contract, send copy If PO, don’t use this form Not independent contractors Supporting documentation: Original itemized invoice(s), copy of contract for non-independent contractors
Payment Designation Payment is for: Reimbursements – non- employee only Employees via T&E system Vendor Information form required If candidate use candidate reimbursement form Supporting documentation: Original itemized receipt(s). Note: payee is required to sign below Internal control Not new requirement Previously on statement of services rendered
Payment Designation Payment is for: Registration, subscription, memberships Supporting documentation: Completed order form
Payment Designation Payment is for: Participants, Stipends (Including training stipends) Not BSU students Use Stipend & Fellowship request form for BSU students Supporting documentation: Agenda, advertisement, registration form, name of event, dates of event, etc.
Payment Designation Payment is for: Honorarium (token payment of $500 or less) Recurrence is part of token Travel ok (pcard restrictions) Reimbursement preferred Supporting documentation: Contract, agenda, flyer, documentation of invitation, etc.
Prepaying Travel Expenses for Guests with a University P-Card Departments may submit a request to Accounts Payable to prepay airfare and lodging (room and tax only, no incidentals) for guests using a University p-card if all of the following conditions are met: 1) The individual is volunteering his or her services for the betterment of the University and will not be compensated for services; 2) The individual will not receive an honorarium of more than $500; 3) The department submits a completed W-9 (or for international visitors, a W-8BEN) to Accounts Payable 4) The department understands and agrees that if the individual does not use the airline ticket and/or hotel, the department is still responsible for payment; and 5) No expenses are incurred until after approval from Accounts Payable is received. *Note that requests to prepay airfare and lodging for international visitors may not be approved due to tax treaty and/or immigration restrictions. Please submit your request to firstname.lastname@example.org for review and approval.
Payment Designation Payment is for: Independent Contractors NOTE: Payee is required to sign below. Differs from GUEST because of compensation Supporting documentation: Check here if copy of contract on file with AP. Otherwise attach copy of contract. If suppliers >$2,000 then copy of contract with EVERY payment If IC, copy of contract with 1 st increment only
Payment Designation Payment is for: Other ___________ Anything that doesn’t fit into a different category and IS NOT on the Do NOT Use for list… Supporting documentation: Attach documentation applicable to the context of this payment request. See Purpose / Explanation section for possible further requirements.
Do NOT Use for… Stipend / fellowships (students only) Meals & Refreshments Public Relations & Alcohol Expense Petty Cash Employee Travel / Reimbursement Candidate Reimbursement Stipend & Fellowship Request form Meals & Refreshments (Events) form Public Relations & Alcohol Expense form Petty Cash Worksheet Employee Travel / Reimbursement (T&E System) Candidate Reimbursement form
Purpose / Explanation (Please provide enough detail to clearly describe how this expense relates to official university business which may include who, what, where, when and why the expense is necessary.) If the business purpose is specific to a chartfield line below, please specify. AP required to perform compliance Please help us understand the purpose of the transaction. Who, what, where, when and why… if it isn’t elsewhere on the form, put it here [ ] Independent contractors, host family, volunteers (please provide specific service dates for which payment applies) Service Start Date ___ Service End Date ___ – Not necessarily contract dates
Chartfield Information (If your payment requires more than four lines, please attach additional form(s)) Dept id and account code required – List of commonly used account codes located http://vpfa.boisestate.edu/accounts-payable/ http://vpfa.boisestate.edu/accounts-payable/ Project grant…if you have one you will know….otherwise default
Authorizations Payee signature (nonemployee reimbursements, independent contractors, host family payments, volunteers) – Not required to be original – Idaho statute requiring certification Authorized signature – Not necessarily same as contract signing authority – No change … whomever signed before signs now
SUMMARY Changed Consolidated formsEliminated fields Recurring Payments – no longer an option Stipends/fellowships to students via Student Financials NOT Changed High compliance forms remain Certain data requirements Approval authorityUploads