New IDT/ICT Form: Streamlining Inter-Departmental and Inter-Company Transactions
Streamline inter-departmental and inter-company transactions with the new IDT/ICT form. Easily transfer funds between different departments within the same company and across different companies. Two identical forms cater to Foundation and Philanthropic accounts, enhancing efficiency in financial processes.
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Presentation Transcript
NEW IDT / ICT FORM (Inter-Departmental Transaction / Inter-Company Transaction)
USES OF THE FORM Inter-Departmental Transaction (IDT) Inter-Company Transaction (ICT) Transfer funds between different departments within the same company Transfer funds between different companies EX: EX: Foundation -> Foundation Foundation -> Philanthropic Philanthropic -> Philanthropic Philanthropic -> Foundation
TWO SEPARATE BUT IDENTICAL FORMS Foundation Form Use if Section A Acct is a Foundation Acct
TWO SEPARATE BUT IDENTICAL FORMS Philanthropic Form Use if Section A Acct is a Philanthropic Acct
FILLING OUT THE INFORMATIONAL TOP PORTION Extension number of the person filling out the form Name of Dept or Division filling out the form Name of the person filling out the form Auto Generated Number from link, fill in number here The month you want transaction posted Event, meeting, reason name, etc. Current date
FILLING OUT THE INFORMATIONAL TOP PORTION Click on this link to go to the website that auto generates the form number
FILLING OUT THE INFORMATIONAL TOP PORTION Write this number on the form
FILLING OUT SECTION A Desired Project Code Description of itemized charges Amount of each itemization Desired Object Code Project Authorized Signer Name, Signature & Date
Check the organization your account is with FILLING OUT SECTION B Amount of itemized charge Description of itemized charges Desired object code Desired project code Project authorized name, signature, & date 2nd signature required if amount is over $5,000 & ICT box is checked
ONCE COMPLETED: Send to Foundation Accounts Receivables Department for processing IDT -> Cynthia Delgado csdelgado@cpp.edu ICT -> Julieta Ballesteros - julietab@cpp.edu Or -> foundationar@cpp.edu
