Payment Services manages the following functions:
Accounts Payable and Invoice Processing: Processes non-payroll payments, including those to faculty, staff, students, visitors, and suppliers of goods and services. Voids and reissues checks, stops payments with the bank, establishes direct deposit for non-payroll payments to Cornell employees, and works with suppliers and Cornell units to help resolve discrepancies on invoices, payments, royalties, utilities, honoraria, stipends to postdoctoral fellows on training grants, etc.
Disbursement Review: Reviews non-payroll payments for compliance with Cornell policies, external regulations, requirements, and sound business practices. This area is also responsible for coding payments that have tax implications, issuing 1099s, and providing units with guidance and training related to disbursements. Develops policies, procedures, and training related to payments for Cornell business travel.