Receiving Revenues: Difference between revisions

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==Deposit slips==

[[Image:cheque_diagram.jpg|300px|frameless|right]]

NOTE: Due to limited campus access measures because of the pandemic, please email the VP Finance to arrange a deposit.

In the [[EUS Office]], there are deposit slips located in the rack on the right as you enter (see photo to the right). A few of the fields on the deposit slip are a little unclear. You should make sure that you include your name, the name and number of the account you are depositing to, the date, and a few words to describe what the deposit is for. The description is important, because our bookkeeper will use it to determine whether taxes should be remitted, which affects your revenue flow. The image below shows a properly filled out deposit slip.

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<center>{{Button|1=Online Payment|2=Online Payment|3=far fa-mouse-pointer|4=Indigo|5=internal}} {{Button|1=FOAPAL|2=More Info on FOAPAL|3=fas fa-money-check-alt|4=Indigo|5=internal}}</center>

==Cheques==

There may be situations where a cheque will be written to your group, but the cheque will be mailed to the EUS. This is often the case for McGill funding sources, like [[MESC]] funding or funding from departments. This is perfectly fine. However, it is very important that you inform the EUS [[VP Finance]] or [[Administrative Manager]] that a cheque is coming, and for how much.

There may be situations where a cheque will be written to your group, but the cheque will be mailed to the EUS. This is often the case for McGill funding sources, like [[MESC]] funding or funding from departments. This is perfectly fine. However, it is very important that you inform the EUS [[VP Finance]] and [[Administrative Manager]] that a cheque is coming, and for how much. If you do not, the [[Administrative Manager]] will not know which account it is for and will deposit the money to the EUS general account.

:'''You must tell your funding source to add ℅ or ATTN: *your group name*'''

:''i.e A cheque for ChESS will be addressed to: The Engineering Undergraduate Society of McGill University ℅ ChESS. ''

==Issuing Invoices==

Sometimes, you may find it necessary to issue an invoice to a company or other organization in order for them to send you a cheque. For example, a departmental society may find it necessary to prepare an invoice for a sponsor. This invoice should include:

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If you need any assistance or a template, contact the [[Finance Director]] or the [[VP Finance]].

[[Invoicing]]

@@ Line 4: / Line 4: @@
 ==Deposit slips==
 [[Image:cheque_diagram.jpg|300px|frameless|right]]
+NOTE: Due to limited campus access measures because of the pandemic, please email the VP Finance to arrange a deposit.
 In the [[EUS Office]], there are deposit slips located in the rack on the right as you enter (see photo to the right).  A few of the fields on the deposit slip are a little unclear. You should make sure that you include your name, the name and number of the account you are depositing to, the date, and a few words to describe what the deposit is for. The description is important, because our bookkeeper will use it to determine whether taxes should be remitted, which affects your revenue flow. The image below shows a properly filled out deposit slip.
 <center>
@@ Line 31: / Line 33: @@
 <center>{{Button|1=Online Payment|2=Online Payment|3=far fa-mouse-pointer|4=Indigo|5=internal}} {{Button|1=FOAPAL|2=More Info on FOAPAL|3=fas fa-money-check-alt|4=Indigo|5=internal}}</center>
 ==Cheques==
-There may be situations where a cheque will be written to your group, but the cheque will be mailed to the EUS. This is often the case for McGill funding sources, like [[MESC]] funding or funding from departments. This is perfectly fine. However, it is very important that you inform the EUS [[VP Finance]] or [[Administrative Manager]] that a cheque is coming, and for how much.
+There may be situations where a cheque will be written to your group, but the cheque will be mailed to the EUS. This is often the case for McGill funding sources, like [[MESC]] funding or funding from departments. This is perfectly fine. However, it is very important that you inform the EUS [[VP Finance]] and [[Administrative Manager]] that a cheque is coming, and for how much. If you do not, the [[Administrative Manager]] will not know which account it is for and will deposit the money to the EUS general account.
 :'''You must tell your funding source to add ℅ or ATTN: *your group name*'''
 :''i.e A cheque for ChESS will be addressed to: The Engineering Undergraduate Society of McGill University ℅ ChESS. ''
 ==Issuing Invoices==
 Sometimes, you may find it necessary to issue an invoice to a company or other organization in order for them to send you a cheque. For example, a departmental society may find it necessary to prepare an invoice for a sponsor. This invoice should include:
@@ Line 44: / Line 47: @@
 If you need any assistance or a template, contact the [[Finance Director]] or the [[VP Finance]].
+[[Invoicing]]
 {{Financebox}}