Accounts Payable processes all invoices NET30 terms from the invoice date per the university’s PO terms and conditions, unless there is a contract in place that supersedes this. Payments such as reimbursements, honorariums, and utilities will pay immediately, following invoice processing. Payments are processed every Tuesday and Thursday, and invoices are pulled into the check run prior to their due date.
The university’s preferred payment method is ACH for domestic suppliers and wire transfer for international suppliers. Checks can be issued in cases that the supplier will not accept electronic payments.
Tracking Payments
Employees can track the payment status of supplier invoices on the Payments dashboard in OBI . For information on navigating the dashboard, see the Payments Dashboard QRG .