TSS - Pay Cycles and Reimbursement Schedules- Accounts Payable/AP

Pay Cycles and Reimbursement Schedules- Accounts Payable/AP

Rate this Article (Average Rating: 0) Show Properties
First Published  :Thu Sep 18 17:29:43 GMT 2014
Last Modified  :Thu Sep 19 20:29:08 GMT 2019
Last Published  :Thu Sep 19 20:29:08 GMT 2019
Summary :  When Accounts Payable runs payments

Response

Primary Information

    Check Cycles run on Tuesday mornings. There may be some exceptions due to holidays or other workload demands. Checks are printed in the morning. The system will select for payment all vouchers that have a payment due date up through the Monday prior to the check run as long as there is no Hold due to Approval Required or Match Exception.  For example, if the check run date is Tuesday, May 21, the system will select for payment all vouchers with a payment due date between Tuesday, May 14 and  Monday, May 20.

    Payments to employees are issued via direct deposit rather than checks.

    Electronic (ACH) along with EFT and CTX (other types of direct deposit) payments to vendors are run on Mondays and Thursdays.  The deposits are made two business days later, and the payee is notified via email. The system will pick up any payments that have a due date up to the day before the process is run (so anything with a due date the Sunday or Wednesday before the run).


    SUAs are run on Mondays & Thursdays and deposit is instantaneous.

    If your request does not fit into normal payment cycles, or should you have additional questions, please Contact TSS.

     

Related Information

Information

Keywords

    AP payments, pay cycle, get paid, when