eDeposits

The University Billing Office is pleased to offer an efficient, effective method of depositing departmental funds.  Our web-based application will allow you to submit accounting information online, and then take your deposit directly to the bank.  The Cashier’s Office will match up bank deposits taken with accounting submissions, eliminating the need to bring the bank receipt to the Cashier’s Office.
 
This new method of depositing offers several advantages to the departmental depositing process:

• Easy to use -  Just submit your MFK information, and the type of money you will be depositing, and you are ready to go.  If you have several MFK’s that you use frequently, you can set up a template to use again and again.
• Fast – You are not required to take your deposit two places; you will only have to take your deposit to the bank.
• Accurate – All MFK information is validated online, and your entry is loaded directly to accounting (no keying data entry errors).  All deposits are matched against the actual bank deposit, so any adjustments are reconciled before the deposit is loaded to accounting.  You will always know what the status of your deposit is, and deposits are loaded to accounting in a more timely fashion.
• Flexible – Additional information can be stored regarding deposits, (check numbers, comments, etc), and all information can be retrieved historically.  Users can set up templates that can be used by other users, and there is no limit to MFK lines that can be used at one time.  

Authorization may be obtained for this system by returning the form located at http://www.uiowa.edu/~eforms/cashier/cashedepDSS.pdf. Documentation for this system is located at https://edeposit.bo.uiowa.edu/Help/Docs/edeposit_documentation.pdf.