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6 Aug 2015: Corporation tax is a tax payable by corporate bodies on any profits they make. The University is a corporate body and is therefore in principle subject to corporation tax on any surpluses made. However there are extensive reliefs available to

4 Sep 2015: Each year, most (but not all) departments have traditionally received an amount of money to support the core salaries and running costs of their department. This is known as Chest Allocation. AAA*: Chest non-pay Principally AAAA, this is the Source

10 Aug 2015: ON THIS PAGE Summary of tasks Key dates Accounting for AP invoices Enter and approve purchase (AP) invoices Review of outstanding invoices Review Internal AP invoices Barclaycard statements Visitors and students expense claims Confirmation of

7 Apr 2015: Accounts Payable (AP) describes the procedure for processing supplier invoices and employee expense claims, and other disbursements processed via the AP module.

6 Aug 2015: AR module closes at 5pm on Tuesday 15 August ON THIS PAGE Summary of tasks to complete Key dates AR module Cash and cheque receipts Receipt batches BACS receipts, bank transfers and unclaimed PDQ receipts Internal AR invoices External invoicing -

7 Apr 2015: Accounts Receivable concerns income generated from sales for services rendered with the following steps being involved. Invoice - Raise sales invoice. Send to Customer - Invoice sent to Customer. Receipts - Income collected and receipted. Debt

31 Mar 2015: Department's responsibilities iProcurement When raising a requisition select an appropriate category code – non catalog items eg. %equipment. The track as asset box can be ticked at requisition level which will pull through to the Accounts Payable

2 Apr 2015: Often departmental activities will be funded from a variety of sources that may include one or more donations. Where these costs do not relate to either research grant or trading activity there may be some discretion as to where these are charged.

1 Apr 2015: Often departmental activities will be funded from a variety of sources that may include income for a trust fund.

23 Jul 2015: Where finances can be managed using UFS this is the most efficient way. However, there may be times when off-line systems can add further detail/clarity. For example, trust fund managers may choose to record a simple budget for the fund on an Excel