blog posts UAFR Weekly Tips Nov 17, 2021 11:15 amAccounting and BudgetingFY 22Does your unit receive money from other units, external parties, or individuals (such as students/faculty/staff)? If so, follow the guidelines below when making your deposit to ensure proper financial reporting:Receipts must be credited to an appropriate fund type (such as a self-supporting fund, service plan fund, or gift fund). The appropriate fund type will vary depending on the nature of the receipt. Sales proceeds cannot be credited to State or ICR funds. Most receipts must be credited to an appropriate revenue account code (not an expense account code). Typically, the only scenarios where it would be appropriate to deposit a receipt against an expense account code would be: Depositing refunds or rebates from a vendor for previously purchased goods or services; or Depositing reimbursements from employees for accidental usage of system resources (such as reimbursing an accidental personal purchase made on a University P-Card). ContactIf you have questions on this topic, contact our applicable subject matter experts within the Self-Supporting Funds section of UAFR’s Who to Ask list.