Financial Rep MeetingFebruary 17, 2014

CONTROLLER’S OFFICESTUDENT FINANCIAL SERVICESJOHN BEMBRY

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Changes to Accounts ReceivableFrom a staff perspective we are

able to see accounts receivable in much greater detail

Student Central provides an itemized breakdown of all activity on an account ◦Including clearly delineated referential

integrity Tying payments, waivers, and adjustments

to the charges that they affect, right on the screen

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Accounts Receivable

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Accounts ReceivableThe system also delivers a robust internal

collection engineProvides electronic workflow and routing of

accountsShould result in a higher collection rate on

student and organizational accounts ◦ Without the assistance of external collection

agenciesSimplicity of the views + agility of

configurable items◦ Better service quality as well as better revenue

collection

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Key Concepts

• EMPLIDs uniquely identify students or other entities that can be charged for goods or services in Campus Solutions

• Charges cannot be added unless the student or customer has an EMPLID

Creating and Identifying

AR Customers/EMPLI

D

• Item types are the foundational building blocks of charges and payments in Campus Solutions

• They are 12 byte numeric sequential codes that represent the accounting structure of a department

Item Types

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Additional Concepts• Charges in Campus Solutions

should be posted with a Term and Due Date

• If no term or due date are provided by departments, these values are defaulted to the current term and due date as understood by Student Financials

Terms / Due Dates

• Student Financials produces monthly statements that include charges for students and non-students

• Statements sent at the end of each month with pertinent information to the charge or originating department

Statements/Billing

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New Features

Self

Service

• Allows students to view charges, bills, and account activity online

• Students can make payments with ECheck, FSUCard, or major Credit Card

• A convenience fee will be assessed for online transactions

Payment Priority

• Allows Student Financials to establish a hierarchy to determine which charges will be paid first

Student Financial Services Contacts

• jbembry@fsu.edu• 850-644-9457

John Bembry Associate Controller

• accard@admin.fsu.edu • 850-645-6806

Angelise Card Coordinator of

Collections

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