Policies, Procedures & Exception Requests

Methods of Payment

Invoices are typically paid by either check or Paymode.   In some cases other payment methods are required when working with a foreign vendor.   Regardless of the type of payment mechanism used - all invoices must be sent to AP with a PO/PR number.   If payments are made to an individual where no invoice exists - please use the Payment Request Invoice Template.  Payments made by check and Paymode are automatic...

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Escheat Due Diligence

Overview

According to Massachusetts Abandoned Property Law, any financial asset that has been inactive for more than 3 years is declared abandoned and turned over to the State Treasury. All uncashed checks (non-payroll) are considered Abandoned Property after 3 years, and we are required by law to due diligence on these checks.

Due Diligence

It is our responsibility under Massachusetts law to perform due diligence on checks >$100 (non-payroll) before they are turned over to the state after 3 years every Oct 30th. We...

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Sprintax Calculus

 

Sprintax Calculus

Effective January 2024, Harvard launched Sprintax Calculus as our new tax determination software for international payees (non-U.S. individuals and entities). 

What is Sprintax Calculus? 

Sprintax Calculus is an online tax determination software for international payees of Harvard. It is a secure, web-based system that will classify international individuals and entities for U.S. tax purposes and determine appropriate tax...

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