Washington State University
BUSINESS POLICIES AND PROCEDURES MANUAL

RECORDS
90.01
Revised 8-11
Procedures, Records, and Forms
335-2005

All-University Records Retention Schedules:
Accounting/Fiscal Records

PDF link

Title
Accounting/Fiscal Records

Record Series Title--Function/Purpose

Location
(*Official Copy)

Cutoff

Retention
Period

Disposition
Authority No.

Remarks

ACCOUNTS RECEIVABLE
Documentation of charges and billing process for goods and/or services rendered. May include "determination of fees" documentation, work orders or service requests--could be in the form of field orders or invoice vouchers, logs of goods/services provided, receipts, billing statements, etc.
Department* (OPR) fiscal year 6 yrs GS 01016 Essential
BANK ACCOUNT REQUEST
Requests authorization to establish a commercial bank account.
Controller*

Dean

Department
fiscal year

fiscal year

fiscal year
3 yrs

1 yr

2 yrs
WSU--GS 04

WSU--GS 04

WSU--GS 04
 
BANKING RECORDS
A record of University transactions with financial institutions. May include deposit slips, bank statements, check registers, reconciliation statements and other related documents.
Department* (OPR) fiscal year 6 yrs GS 01013  
BILLING RECEIVABLES SYSTEM (BRS)
Automated system (database) provides a record of charge transactions by non-University clients from University departments. Includes receivables, past-due and delinquent accounts, uncollected receivables, and write-offs. Departmental records include copies of invoice forms sent to clients.
University Receivables*
(Computer output microfiche)

University Receivables
(digital media)

Department
fiscal year




fiscal year



fiscal year
6 yrs




6 yrs



2 yrs
WSU--GS 04




WSU--GS 04



WSU--GS 04
Essential
BUDGET STATEMENT
Used to communicate financial status of University accounts.
General Accounting* (OPR)
(microfiche)

Department
fiscal year




admin purpose served
6 yrs




0
WSU--GS 04




WSU--GS 04
 
CASH ADVANCE REQUEST (WSU 1060)
Used to document a cash advance for work on grants or contracts.
Controller*

Department
fiscal year

fiscal year
2 yrs

2 yrs
WSU--GS 04

WSU--GS 04
 
CASH DEPOSIT REPORT (WSU 1223)
Used to deposit monies into WSU accounts.
Controller* (OPR)

Department
fiscal year

fiscal year
6 yrs

2 yrs
WSU--GS 04

WSU--GS 04
 
CASH REGISTER RECONCILIATION RECORDS
Provides a record of comparison and balancing of cash register receipts and adjustments with payments received. Includes daily reconciliation sheet, cash register tape, and all supporting documents.
Department* fiscal year 6 yrs WSU--GS 04  
CASHIER RECEIPTS
Documents transactions of money received by the WSU Controller. Includes Student Loan and Accounts Receipts and Accounts Receivable.
General Accounts* (OPR)

Department
fiscal year


fiscal year
6 yrs


2 yrs
WSU--GS 04


WSU--GS 04
Essential



COMMUNICATIONS AND NETWORK SERVICES BILLING REPORT AND USAGE REPORT
Notifies computer and telephone users of costs, allocations, and usage of each telecommunication and network service.
Information Technology* (OPR)
(magnetic media)

Department
fiscal year



fiscal year
6 yrs



1 yr
WSU--GS 04



WSU--GS 04
Possibly
Essential
CONTRACTS FOR PURCHASES, PURCHASED SERVICES, LEASES OR RENTALS
Agreements for the purchase of goods and services, or the lease or rental of vehicles or other equipment. Includes back-up documentation for the contract award process and contracts not entered into. Also includes pre-signed contracts.
Controller's Office* (OPR) termination
of contract
6 yrs GS 01050 Essential
CREDIT CARD REFUND VOUCHER (WSU 1381)
Used to record all refunds (except internal) for purchases charged to a credit card.
Department*
or
Controller*
fiscal year 6 yrs WSU--GS 04  
CREDIT CARD TRANSACTION RECORDS-- ELECTRONICALLY-PROCESSED
Provides a record of electronically-processed credit card payments and refunds from non-University clients. Includes electronically-processed swipe-transfer credit card machine transaction tapes and original individual sales receipts (for refund documentation).
Department*
or
Controller*
fiscal year 6 yrs WSU--GS 04 Possibly Essential
CREDIT CARD TRANSACTION RECORDS-- MANUALLY-PROCESSED
Provides a record of manually-processed credit card payments and refunds from non-University clients. Primary copy includes journal entries of credit card transaction information and original individual sales receipts (for refund documentation).
NOTE: Manual credit card imprint forms containing full string credit card numbers are a security issue. Primary copy of the card information is retained in a journal entry and the imprint form is then retained as a secondary copy for the period indicated.
Department*
or
Controller*
(journal entries, original sales receipts)

Department or Controller
(manual credit card imprint forms)
fiscal year






fiscal year
6 yrs






1 yr
WSU--GS 04






WSU--GS 04
Possibly Essential
EXPENDITURE TRANSFER REQUEST (WSU 1048)
Used by budget administrator and Principal Investigator to transfer identifiable direct charges between funding sources.
Controller*

Department
fiscal year

fiscal year
6 yrs

2 yrs
WSU--GS 04

WSU--GS 04
 
GENERAL LEDGER WEEKLY AND MONTHLY DETAIL
Weekly and monthly printout lists for specific subfunds of each transaction of current month that affects the general ledger.
General Accounts*

Department
fiscal year


fiscal year
0 yr


2 yrs
WSU--GS 04


WSU--GS 04
 
GIFT TRANSMITTAL AND ACKNOWLEDGMENT REFERENCE FILES
Provides reference copies regarding the nature of gifts and their donor(s) routed from WSU units to WSU Foundation--Gift Accounting. May include reference copies of monetary and noncash gift transmittal and acknowledgment forms, golf tournament and auction monetary and noncash gift transmittal forms, and courier service process documentation. Copy of gift transmittal form is submitted to Controller when an in-kind gift.
Department



Controller

submitted to WSU Foundation

submitted to WSU Foundation
30 days



30 days
WSU--GS 04



WSU--GS 04
 
INFORMATION TECHNOLOGY COMPUTING INVOICE
Provides a record of university server usage by user departments, including usage units, rates charged, and cost of each computing service.
Information Technology* (OPR)
(magnetic media)

Department
fiscal year




fiscal year
6 yrs




1 yr
WSU--GS 04




WSU--GS 04
 
INTERDEPARTMENTAL STATEMENTS
Provides a record of interdepartmental charges.
Department* fiscal year 2 yrs WSU--GS 04  
INVOICE RECEIPTS (WSU 1054)
Used to record all sales (except internal) and all collections of cash.
Cashier/Revenue* (OPR)

Department
fiscal year


fiscal year
6 yrs


2 yrs
WSU--GS 04


WSU--GS 04
 
JOURNAL VOUCHER
Documentation for entering journal voucher transactions into the University's accounting system.
Department* (OPR)
or
Controller's Office* (OPR)
fiscal year


fiscal year
6 yrs


6 yrs
GS 01006


GS 01006
Possibly
Essential
MERCHANDISE CREDIT MEMORANDUM
Credits a non-University customer account.
University Receivables* (OPR)

Department

Customer
fiscal year



fiscal year

n/a
6 yrs



2 yrs

n/a
WSU--GS 04



WSU--GS 04

WSU--GS 04
 
PAST-DUE AND DELINQUENT ACCOUNTS NOTICES--PAYMENT NOT RECEIVED
Provides a record of notices used by vendor departments to request immediate payment of outstanding balances from non-University clients and notify debtors of additional actions which may be taken if debts are not paid, when the University has not received payment from clients.
University Receivables*

Department
write-off


fiscal year
6 yrs


3 yrs
WSU--GS 04


WSU--GS 04
 
PAST-DUE AND DELINQUENT ACCOUNTS NOTICES--PAYMENT RECEIVED
Provides a record of notices used by vendor departments to request immediate payment of outstanding balances from non-University clients and notify debtors of additional actions which may be taken if debts are not paid, when the University receives payment from clients.
NOTE: If payment is not received, records are held under ÒPast Due and Delinquent Accounts Notices--Payment Not Received.Ó
Department*

University Receivables
fiscal year

payment received
3 yrs

0
WSU--GS 04

WSU--GS 04
 
PERSONAL SERVICE CONTRACTS
Contracts with individuals or firms for specialized services.
Controller's Office* (OPR) termination
of contract
6 yrs GS 01051 Essential
PETTY CASH RECORDS DOCUMENTATION
Records activity of revolving imprest accounts used to make miscellaneous or emergency purchases.
Controller* (OPR)

Department
fiscal year

fiscal year
6 yrs

2 yrs
WSU--GS 04

WSU--GS 04
 
PROCEDURE NUMBER APPLICATION
Assigns computing service procedure numbers to identify customers and bill for computing services.
Information Technology* termination of number 1 yr WSU--GS 04  
REQUEST FOR POSITIVE PAY REPORT (WSU 1289)
Used to request pay for hours or pieces missed on Unit Pay Report.
Payroll*

Department
fiscal year

fiscal year
2 yrs

2 yrs
WSU--GS 04

WSU--GS 04
 
REQUEST FOR SHIPMENT OF MERCHANDISE
Documents returned merchandise to vendors, outgoing shipments, and misdirected parcels returned to Receiving and Delivery.
Controller's Office* (OPR)

Receiving

Department
fiscal year


fiscal year

fiscal year
6 yrs


3 yrs

2 yrs
WSU--GS 04


WSU--GS 04

WSU--GS 04
 
REQUEST TO SERVE FOOD AT MEETINGS AND TRAINING SESSIONS
Authorizes the use of University monies for the purchase of meals, coffee and light refreshments at meetings and formal training sessions that are official University business.
Controller*

Department
fiscal year

fiscal year
2 yrs

1 yr
WSU--GS 04

WSU--GS 04
 
REQUESTS AND APPROVALS FOR WRITE-OFF OF UNCOLLECTIBLE ACCOUNTS
Provides a record of requests by University Receivables or vendor departments for approval to write off uncollectible accounts and signature approvals from appropriate expenditure authorities for the write-offs.
University Receivables*

Department
fiscal year


payment received or write-off
6 yrs


0
WSU--GS 04


WSU--GS 04
 
RISK ASSESSMENT CHECKLISTS
Provides a record of identification, review, and management of risks that potentially affect University assets and resources. This documentation includes checklists from areas and supporting spreadsheets and/or calculations.
Business Services--General Accounting* fiscal year 3 yrs WSU--GS 04  
RISK ASSESSMENT DOCUMENTATION
Provides a record of identification, review, and management of risks that potentially affect area assets and resources. This documentation includes checklists from departments and supporting spreadsheets, calculations, and/or documentation. These records provide the data for the checklists submitted to Business Services--General Accounting.
Area Administrator* fiscal year 3 yrs WSU--GS 04  
SERVICE CENTER APPLICATION (WSU 1272)
Used to request approval to charge for goods, services and/or use of equipment.
Controller*

Department
fiscal year

fiscal year
2 yrs

2 yrs
WSU--GS 04

WSU--GS 04
 
SOFTWARE INVENTORY AND REGISTRATION FILE
Provides a record of computer software programs with version, manufacturer, and purchase order information updated as needed, and software license registration cards for proof of purchase.
Department* software disposed of 0 WSU--GS 04  
SPECIAL COURSE FEE REQUEST (WSU 1224)
Used to request establishment of special course fees to pay for goods and services not provided by state appropriated funds or general student fees.
University Receivables*

Department
fee termination

fee termination
2 yrs


2 yrs
WSU--GS 04


WSU--GS 04
 
SUBCODE ACTIVITY AND BALANCE DETAIL
Provides a record of accumulative receivables balances for the fiscal year. Reports are run from the Billing Receivables System (BRS) database and sent monthly to each vendor department as requested by the department.
Department* until superseded 0 WSU--GS 04  
UNCOLLECTED ACCOUNTS
Provides a record of accounts over 90 days past due, which are sent to the University Receivables Collection Desk for action. NOTE: If payment is received, the record is then retained as a receivable and not as an uncollected account.
Collection Desk (University Receivables)* (OPR)

Department
write-off




write-off
6 yrs




0
WSU--GS 04




WSU--GS 04
 
WASHINGTON STATE UNIVERSITY INVOICE
Records charge sales to non-University customers.
University Receivables* (OPR)

Department

Customer
fiscal year



fiscal year

n/a
6 yrs



2 yrs

n/a
WSU--GS 04



WSU--GS 04

WSU--GS 04