blog posts University Bursar Monthly Bulletin: Spotlight on Office of Business Services Receivables Policy Feb 27, 2023 9:15 amAccounting and BudgetingFY 23Paying PeoplePayments to the UniversityWelcome to the February 2023 University Bursar bulletin. This month will focus on the Office of Business Services Receivable Policy.Spotlight on the OBFS Receivables PolicyUniversity Bursar and University Accounting and Financial Reporting (UAFR) share the responsibility to:Develop and publish receivables policies and proceduresProvide general supervision of receivables operationsDevelop, monitor, and maintain receivables processes and systemsReview, approve or deny, and track exemption requests from the requirement to use Banner ARAll units must comply with all state, University of Illinois System, and accounting requirements for receivables as published in the Office of Business Services Receivables Policy. Banner AR facilitates this compliance. Therefore, all units must record their receivables in Banner AR or request and receive a Banner AR Exemption from Office of Business Services. However, even units that have an approved Banner AR Exemption must comply with these requirements and provide the necessary data to Office of Business Services units that report the U of I System's receivables.If your unit is currently processing receivables outside the Banner AR module and has not received an approved Banner AR Exemption, or if you are new to receivables processing, please email firstname.lastname@example.org to request Banner AR training. If after exploring Banner AR you determine it cannot effectively serve your unit's unique receivables requirements, request an exemption from using Banner AR.ContactFor questions or more information about the OBFS Receivables Policy, please contact email@example.com.