Treasury

UND Treasury contributes to protecting UND’s financial resources by overseeing investments and cash flow, managing banking relationships and bank account accuracy, and coordination of credit card acceptance.

Key functions include monthly cash and investment reconciliations, daily banking operations, processing of department deposits, assisting departments with PCI compliance, creation of Nelnet storefronts, and guidance to departments on Treasury related questions.

Treasury Resources

Piggy Bank

Incoming Payments

Outgoing payment

Outgoing Payments

nelnet

nelnet

Credit Card and PCI

Bank Accounts

UND is bound by NDCC 54-06-08.1 and SBHE 810 (4) when establishing bank accounts, petty cash or till funds. A UND department is not allowed to open a bank account. All UND bank accounts are established with UND's Federal tax ID number and are established by the UND Director of Treasury.

Finance Updates

ND Sales Tax Collection & Remittance Procedures

North Dakota imposes a sales tax on retail sales. The sales tax is paid by the purchaser and collected by the seller. At UND, it is the responsibility of individual departments to collect and remit sales tax for sales of items subject to such tax. Currently there are several departments at UND that already do […]

In the Vault: Expected Incoming ACH

If a department is anticipating an incoming ACH payment, there’s one simple step that makes the entire process smoother: notify Treasury before the funds arrive. Why does this matter? ACH payments often come in with limited identifying information. Without advance notice, it can be difficult and sometimes impossible to match the payment to the correct […]

In the Vault: Nelnet Storefront Reports and Transactions

Nelnet Storefront is an online payment platform that departments can use to collect online payments. Transactions from Nelnet Storefront post automatically to the General Ledger with a journal ID of “NEL” the day after the transaction occurs. To obtain detailed transaction reports, departments can request access to Nelnet Storefront by contacting UND Treasury. If your […]

March journal entries and imports have posted

All journal entries and imports dated in March without budget error, approval error, or other error have posted to March. For more information about journals, please visit: https://campus.und.edu/finance/training.html#journal For questions, please contact UND.journalimports@UND.edu