Deposit Corrections and Deletions
This directive establishes the requirements for processing a deposit correction or deletion.
Reason for Directive
The purpose of this directive is to ensure that deposit corrections are standardized and deposit deletions are only performed by Banking & Merchant Services.
Who Must Comply?
All University departments.
If a deposit needs correction, the following steps should be followed depending on the status:
- If the deposit has not been processed (Budget Check) then the department can correct the deposit following the instructions in the UF HR Toolkit – Deposits
- If the deposit has been processed (Budget Check) in error, it must be corrected by deposit correction (DPC) journal entry using the steps in the UF HR Toolkit – Online Journal Entry
- Under no circumstances should a department delete a deposit. If a deposit needs to be deleted, e-mail Banking & Merchant Services at TMhelp@admin.ufl.edu
07/31/2021: reviewed content
Banking & Merchant Services: (352) 392-9057
General Accounting & Financial Reporting: (352) 392-1326