What is Accounts Payables Disbursement process?
Accounts Payable (AP) disburses checks and Electronic Funds Transfers (EFT) daily. Invoices scheduled for payments will be selected for check pay cycle. Employee reimbursements, Student Accounts stipends, and Student Financial Aid payments are selected by the EFT pay cycle when scheduled to be paid. Accounts Payable runs an express pay cycle for emergency checks only. Wire transfers to vendors require accurate and complete banking information on the invoice. Foreign wires and drafts may take 48 hours to process due to funding requirements from UCOP. After the daily check and EFT pay cycles are complete, checks and EFT Advices are placed in envelopes by AP staff for same day pick up by UCSF Mail Services for delivery. As a general rule, checks are mailed directly to the vendors by U.S. mail. Checks to be returned to the departments should be sent to the payee. (http://www.ucop.edu/ucophome/policies/acctman/c-173.pdf). Checks to be picked up at Mission Center Building (MCB425) Accounting
