UAFR Weekly Tips: New Webform for Anticipated Wires or ACHs
UAFR now has a new, user-friendly webform that can be used to report incoming wire or ACH transfers. See below for further details:
- The new Anticipated Incoming Wire or ACH Transfer webform should be used when your unit is expecting to receive an incoming wire or ACH transfer from an external party.
- By completing and submitting this form to UAFR before your wire or ACH is received, you are helping to ensure that UAFR will be able to credit this payment to your applicable C-FOAP on a timely basis once it is received.
- This new webform is located at the bottom of UAFR’s Forms webpage. Simply click on the link, complete the webform, attach any supporting documentation you may have (such as a copy of the invoice sent to the external party who is sending the wire or ACH), and then click on the “Submit” button to send the form to UAFR.
- If you need banking instructions, then answer “Yes” to the question which asks about bank routing information. Once UAFR receives your form, they will connect you with Cash Management who can provide the applicable instructions.
- Finally, if you answered “Yes” to the questions regarding the sale of goods and/or services, please make sure to enter the applicable sale date and/or service dates in the applicable fields. This will assist UAFR in determining if a related accrual and/or deferral entry is needed, which is essential for accurate financial reporting and to mitigate audit concerns.
Contact
For further details on this process, search on “Bank Wire or ACH Receipts” in the Search box of the Business & Finance Who to Ask list and reach out to the applicable subject matter expert on this topic.
