Two M-Pathways modules, Accounts Receivable and Billing (ARB), allow the University to:
Use of the ARB modules reduces invoicing time for external receivables and improves the University’s cash flow processes.
Financial Operations (Fin Ops) is responsible for entering and maintaining customer data, invoices, and payment data in the ARB modules. See External Billing & Receivables for Fin Ops ARB business process information.
Your unit is responsible for regularly monitoring your receivables via ARB reports if:
U-M credits the ChartFields for your unit or project/grant when an invoice (receivable) is entered in ARB. This transaction appears on your Statement of Activity report as a BI journal entry.
The journal entry doesn’t mean the customer/sponsor has paid the invoice. You monitor the receivable to verify activity towards full payment or closure of the receivable. In the case of invoicing errors or non-payment by customers, your ChartFields will be debited by Fin Ops.
There are two ways you can monitor your receivables in M-Pathways:
The table below contains links to various Accounts Receivable & Billing resources by their location
|Financial Operations||External Billing & Receivables||Provides business process information for billing (invoicing) sponsored project and general receivables.|
|My LINC||Accounts Receivable & Billing Procedures||
|"Run a report" procedures
Windows | Mac
|Provides instructions to run any M-Pathways report, including the ARB reports.|
For My LINC Resources, click the link to go to the My LINC Activity page, then click the arrow to open the resource.
Within ITS, the Accounts Receivable and Billing (ARB) modules are supported by the AIS - Financials department.