Knoxville Campus Policy:

FI00015-K Review of Accounts Receivable Dept Business Office

Version 1

Effective Date: 04/27/2018

Step

Responsible Office

Responsible Position

Frequency

Procedure

1

Applicable Department

Department Head

As necessary

Ensures that due diligence has been exercised in attempting to collect accounts receivable.

2

Applicable Department

Department Head

As necessary

Authorize the write off of uncollectible accounts. All should be supported by documentation of collection activity.

3

Applicable Department

Department Head

As necessary

Send completed Accounts Receivable Write-Off Request (Form T-35), with itemized list, to department business office.

4

Applicable Department

Department Head

As necessary

Send completed Accounts Receivable Write-Off Request (Form T-35), with itemized list, to Budget & Finance for review.

5

Budget & Finance Office

Director

As necessary

Approve Accounts Receivable Write-Off Request (Form T-35), and send to Controller’s Office.

6

Controller’s Office

Staff

As necessary

Prepare and record journal entry to write off accounts.