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Billing and recording accounts receivable (AR) for services provided to external, non-sponsored customers are processed in PeopleSoft by the department generating the billable activity, and supported by Financial &  Cost Accounting Services (FCAS) department within University Financial Services.

(For questions about student bills or student account activity in Banner, contact Student Financial Services. For questions about sponsored agreement billing, contact Sponsored Project Administration).

Customer Payment Options for Non-sponsored, External Billing & AR-activity PeopleSoft Invoices

Customers may choose from one of these 3 payment options:

  • eCheck or Credit Card Portal. NEW!
    Customers may now pay via eCheck or credit card through the new UVM FCAS QuikPay portal. (Please note, credit cards do have a processing fee of $2.75; eCheck payments do not have any fee attached).
  • Check payments may be made via our AR Lockbox. The address for our lockbox is at the bottom of each invoice, which also includes a payment stub with identifying information for the item being paid. Please send check and invoice payment stub to:

The University of Vermont
PO Box 1389
Williston, VT 05495-1389

  • EFT Payments (ACH or Wire) or Cash Payments. Departments will need to work with Treasury Management to receive a payment via EFT or to receive a cash payment.

Requirements for Recording Billing and AR Activity

Any University department that has an arrangement with an external customer which results in the generation of income from providing services or sales or is for a reimbursement of costs incurred, must record amounts due as AR in the General Ledger:

  • Accounts Receivable must be booked when services are rendered, sales are made, or costs are incurred
  • Accounts Receivable must be specific to an individual customer
  • Accounts Receivable must be supported by back-up documentation including an invoice or agreement showing amounts due, payment terms, customer, etc.
  • Accounts Receivable must be promptly collected upon and aged

The Billing and AR for External, Non-Sponsored Customers User Guide (PDF) explains how to record billing and AR activities.

The Billing and AR Process

Here are the overall steps in managing a non-sponsored, external billing and AR activity:

  1. Set-up: Departments work with Financial & Cost Accounting Services to discuss how to manage billing and AR activity, set up PeopleSoft, and receive training
  2. Billing: Departments enter bills, FCAS processes the invoices, and invoices are mailed to customers
  3. Payments: Customer payments are received via the AR lockbox (checks with payment coupon) or Treasury Services (cash or checks/EFTs without the payment coupon) or via the UVM FCAS QuickPay portal (eCheck & credit cards). Customer Transmittal offsets the open invoice on the customer's account.
  4. Customer Service/Collection: Departments answer customer inquiries, provide invoice copies or additional documentation, monitor items becoming delinquent, and contact customers to request payment for delinquent balances. FCAS mails monthly statements to customers with balances 60+ days outstanding.
  5. Bad Debt: FCAS transfers uncollected AR for which there is no payment arrangement back to the department's chartstring under the Bad Debt account. If payment for a reversed item is received within the same month, FCAS will unpost the reversal to offset the original invoice. If payment is received later, the department submits a Cash Deposit to post the revenue directly to the departmental chartstring.