Example
The University receives a check from the Beckman Foundation for a grant agreement. At this University, separate bank accounts are maintained for grant related funds and deposits to these accounts are not processed through a central processing unit, such as a Bursar's office.
The Advance Deposit document allows the area receiving the check to directly deposit the check into a designated bank account and properly reflect the credit in the correct account in Kuali Financials. The advance deposit does not route to a central processing unit after it is submitted.
Auxiliary Voucher