Cash Handling

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Ideal Answer: YES. Checks should be endorsed immediately upon receipt "for deposit only" to the University to prevent diversion and unauthorized cashing. You can use a stamp or hand-write the following text: "For deposit only, University of Northern Iowa, Department of  ________________". The unit’s account number for the deposit must also be recorded on the back of the check in case it is returned for non-sufficient funds (NSF). Please refer to OBO’s Cash Handling website for additional information.
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  • Ideal Answer: YES. It is necessary to verify the gross amounts paid and the fringe benefit computation each month and then verify the totals to the monthly  Statement of Account to assure the correct accounts were charged. Please refer to the OBO’s Payroll webpage for additional information.