All Check, ACH, and Wire payments to Suppliers, Faculty and Staff are processed through Workday Requests.
Workday Training: https://web.colby.edu/workday-project/training/
For other questions regarding how to process requests for Students or Visitors, please reach out to firstname.lastname@example.org.
ACH/EFT Payments (direct deposit)
- Direct Deposits are processed on Monday’s and Wednesday’s (see Holiday Schedule).
- Faculty and Staff can update their direct deposit through Workday.
- Suppliers can complete the Direct Deposit form and send to Accounts Payable.
Enrollment form for ACH Direct Deposit
***Note – ACH Direct Deposit is different than Payroll Direct Deposit***
- Checks can be sent to a supplier who does not accept Credit Card or ACH payments.
- Checks are printed once a week on Thursday.
- During peak processing periods, it can take as long as two weeks to process a payment, so please plan your events well in advance.
Payment for Contracted Service Providers
The College is required to properly classify individuals that provide services as independent contractors or employees in accordance with Internal Revenue Service and Maine Department of Labor regulations. To assist in this determination, please read the Colby Contracting Workflow, which provides guidance on completing the appropriate documentation. See links to various required Colby forms below:
The Independent Contractor Questionnaire form is required and needs to be completed and submitted along with the Colby Independent Contractor Form.
If you have questions about the checklist or questionnaire please contact Will Saxe x4632.
Adobe PDF (Form Fill-in Documents)
Employee Recognition Award Policy
On occasion, departments may issue gift cards to employees in recognition of special events. The value of any gift an employee receives above $25 must be reported on an employee’s W-2. The Recognition Award Form will need to be completed in full and approved before a gift card can be issued. The completed form must accompany any request for reimbursement to Accounts Payable and be submitted to Payroll (if gift is >$25).
Employee Spouse Reimbursement Information
Expenses incurred for any accompanying spouse are generally considered personal in nature except on those occasions when the attendance of a spouse at an event furthers the business interests of the College. In these cases, the travel is to be authorized, in advance by completing the Spouse reimbursement form and approved by the President or the appropriate Vice President prior to the travel date.
Current IRS regulations require that amounts paid by an employer for spousal travel expenses be included in the employee’s taxable income and reported on Form W-2 unless the spouse’s presence on the trip serves a bona fide business purpose. Departments should consult with the Office of Financial Services prior to making commitments to reimburse for spousal travel as the reimbursement may be taxable to the employee. Expenses incurred for other individuals or dependents (such as children) that accompany a traveler will be included on the employees Form W-2.