Cash Receipts Adjustments Procedure

The Cash Receipts Adjustments programs are used to enter cash adjustments to customer accounts and process the transactions.  The typical cash receipts adjustments procedure is:

1.  Enter and edit cash receipts adjustment transactions using the Cash Receipts Adjustments Entry program.

2.  Print and proof the Cash Receipts Adjustments Edit Journal checking the cash receipt adjustments transactions entered.  
Note:  Maintain a final copy (either electronic or paper) of the Edit Journal for a complete audit trail.

3.  If you find incorrect transactions, delete them by following the directions in Cash Receipts Adjustments Entry.  After you delete the transactions, enter the transactions correctly, then re-print the Cash Receipts Adjustments Edit Journal.

4.  When all cash receipts adjustments transactions have been proofed and approved, backup your files in preparation for performing Post Cash Receipts Adjustments.

5.  Perform Post Cash Receipts Adjustments to update the appropriate files with the cash receipts adjustments transaction information.
Note:  Maintain a copy (either electronic or paper) of the Post Printout for a complete audit trail.