Payment transactions

The Bank Accounting department is responsible for arranging all payments made by the University of Siegen and booking all incoming payments. The tasks include carrying out regular payment runs, creating payment advices and allocating incoming payments to the open items in accounts receivable and accounts payable. Payments that cannot be allocated are identified and clarified in cooperation with the specialist departments.

The paying agent 's tasks include processing cash payments, including issuing checks, if no other payment option is available in exceptional cases. In principle, all payments should be made in cash; cash payments to staff are only made in justified exceptional cases.

The Paying Office manages all of the University's cash collection points and handles their accounting.