Finance update: Requesting payments from Transactional Services

Thursday, 04 May 2017

To avoid any confusion and to ensure that we pay our students & suppliers in the correct time frames our Accounts Payable, Accounts Receivable & General Ledger teams would be grateful if you could stipulate the following for any request that is sent:

• Date that Transactional Services need to commence the payment process
• Date you expect the recipient(s) to receive the cash into their bank accounts

Please note: BACs transfers take two working days from sender to receiver, so a payment created/paid on the last day of any given month will not arrive in a bank account that day unless you explicitly inform us of that requirement.

If this information is not forthcoming, we will try to request this detail from you to ensure that there is no misunderstanding in expectation.

If you have any questions or need any guidance please contact finance-help@reading.ac.uk