Do I need to do a foreign currency conversion for my international transaction charges? No. Currency conversions are not required for PCard transactions. The Card Services Team has access to the transaction’s posted dates...
How do we pay a foreign supplier who requests a wire transfer payment? Complete and submit the appropriate foreign wire transfer form located under Forms/Wires on the Controller’s Office website. Send the completed...
How is a sponsored project awarded in foreign currency handled? When payment is received Revenue will be recorded in the actual USD received. If the sponsor pays in installments, each...
What documentation is required to pay a foreign entity? A current signed W-8BEN-E Form is required to process payments for foreign entities. Depending on the type of payment, taxes...
Who is responsible for wire fees on a sponsored project? Wire fees should be paid by the company wiring funds or by the College or Department.