Accounts Payable Policies

General Policies

• Picking up checks is not allowed. Checks are printed by SMU’s banking institution at their print facility. Exceptions will be considered on a case-by-case basis.
• Prepayment is not allowed. Payment should only be made after services are completed to full satisfaction or after products have been received. Exceptions are considered on a case-by-case basis.
• Wire transfers are reserved for payments to foreign individuals or entities. Other pay methods should be used for domestic payees.
• Procurement cards are to be used at point of sale and are never to be used to pay invoices.
• Rush requests should not be submitted unless it is critical to University business that the payment be made sooner than standard processing time.
• Direct deposit is the mandatory pay method for all employee reimbursements paid through Accounts Payable.