Payment Transactions

The Bank Accounting department processes all outgoing payments for the University of Siegen and posts all incoming payments. Responsibilities include conducting regular payment runs, preparing payment notices, and matching incoming payments to open items in accounts receivable and accounts payable. Unallocated payments are identified and clarified in collaboration with the relevant departments.

The duties of the payment office include handling cash transactions, including issuing checks, when no other payment option is available in exceptional cases. In principle, all payments should be processed electronically; cash payments to employees are made only in justified exceptional cases.

The Payroll Office manages all of the university’s cash collection points and handles their accounting.