Written by Misty Wilson.
Did you know that NC State receives wire payments daily? The Cash Management team reviews a Daily Wire Report and determines how to apply the wired payments. When payment information accompanies the wire payment, it is applied directly to an outstanding invoice within two business days. If no payment information is included, it may be applied to a specified project and account number within one business day. If no invoice number or project/account information is available, it is temporarily placed into a suspense account.
The Wire Suspense spreadsheet can be found on the University Controller’s website by expanding the Cash Management menu and clicking on Wire Suspense.
Departments should check this spreadsheet periodically to see if they have outstanding wire payments that have yet to be applied to their project or to an outstanding invoice. If funds belonging to your department are found on this spreadsheet, please notify ncsucashmgmt@ncsu.edu and include the appropriate project and account number for the payment application.