14xxxx: University Receivables
All receivables of the University (excluding the Health System) from individuals and organizations should be recorded in this series of G/L accounts; however, these receivables should not include amounts due from other departments of the University. This series of G/L accounts also includes related reserve G/L accounts to reflect the net collectible valuation of the receivables.
Specific procedures should be established to provide adequate internal control and to insure that these accounts reflect the net realizable receivables. Refer to GAP 200.035, Accounts Receivable Control Procedures for more information.
II. G/L ACCOUNT DEFINITIONS
E-check Gifts receivable
Represents receivables due to the Duke University Dining Halls resulting from food sales to faculty. (Closed Jun 2016)
Represents purchases paid using payroll deduction tender for the Pink Smock Duke Clinics Gift Shops pending collection during the next payroll cycle. (Created 05/2016)
Used to track receivables due to Duke from textbook rental service companies.
This GL account is used to post adjustments to student receivables balances.
Represents a reserve established as an offset to G/L account 146520, for Contractor Telcom receivables doubtful of collection.
To record accounts receivable for OnCore system clinical trials activity