Guides on this page cover how to enter deposits for miscellaneous cash receipts (direct journals) and deposits for Accounts Receivable billings (AR Items). Departments are responsible for accurate, timely billings to customers for non-sponsored receivables.Complete each section of the financial statement. We use this information to determine your ability to pay. Apply to Accounts Receivable Clerk, Accounting Clerk, Community Manager and more! The Accounts Receivable Specialist will be responsible for our bi-weekly billing submissions to the State of Minnesota and private entities. Providers (including billing organizations) bill for each service they provide and receive reimbursement for each covered service based on a predetermined rate. Interest capitalization ends when a capital asset is "substantially complete and ready for its intended use. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits. Payment card revenue must be deposited into approved University of Minnesota bank accounts.