Cash Management – Draft

Our department is responsible for the active management of a UW-Madison’s short-term resources to sustain its ongoing activities, mobilize funds where needed, and optimize liquidity.


News

  • Refund of Receipts (RoRs) update

    This communication is intended for departments that currently submit RoR requests to the Cash Management team for approval. Cash Management will be granting approval on a case-by-case basis for use of the voucher upload process …

  • Payment Card Industry (PCI) Compliance Guidelines

    The COVID-19 pandemic has created many challenges and constraints to the established business processes of many merchants on campus including restricted access to campus and, in many instances, offsite work arrangements. The PCI Compliance Team …

  • Check Deposits – Operational update

    For information related to sponsored check payments, please visit RSP’s website at: https://www.rsp.wisc.edu/COVID-19CheckRoutingGuidance.cfm For information related to UW Foundation check deposits, please visit the following link: https://businessservices.wisc.edu/covid-19/update-from-wfaa-regarding-gift-processing/ This communication is intended specifically for UW-Madison related …

Revenue

Cash Management vs. Accounts Receivable

The Accounts Receivable department within the Division of Business Services is an option for departments who do not want or have the ability to manage receivables in their area. When working with centralized AR, all transactions related to an invoice are processed within SFS through the Accounts Receivable and Billing modules. For departments managing Accounts Receivable at the department level, they should continue to work with Cash Management for receipts.

Areas of Service

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Custodian Funds

Used to manage departmental cash flows
and pay research participants.

Learn more about Custodian Funds

Deposits, Revenue, and Receivables

How to deposit revenue or accept credit card payments, sometimes referred to as “payments-in”

View Deposits , Revenue, and Receivables guide

Setup or Maintain A CashNET Storefront

CASHNet allows departments on campus to develop storefronts on the internet and receive credit card payments 24 hours a day, 7 days a week using a stable, fast and secure server.

Setup or Maintain A CashNET Storefront

Wire Transfers and Foreign Payments

How to use an outgoing wire transfer or draft to pay a vendor or other service provider.

View Wire Transfer and Foreign Payments guide

Tools

Training

Contact

Find Accounting Services

Cash Management
21 N. Park Street, Suite 6101, 6th Floor

Madison, WI 53715-1218