Number›Inventory Control Main Menu
Inventory - Acquisition
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
These journals are used to record the value of property acquired by the U.S. Government and its related application to a taxpayer account.
These are the valid accounts for Acquisition (journal #302).
Account Number
DR/CR
Account Name
7100
Debit
Bankruptcy
7100
Debit
Property Acquired in Payment of Tax
4120
Credit
SPC Suspense for Master File - BMF
4220
Credit
SPC Suspense for Master File - IMF
4420
Credit
SPC Suspense for NMF
This table describes the steps required to complete journal #302.
Step
Prompt
Description / Action
Select
RACS Main Menu
Highlight/select Inventory.
Apply
Inventory Control Main Menu
Record
Select Acquisition.
Tab or Apply
Account Period
Accept the highlighted current month or select the future month. From the Action Bar select...
Apply
Maintain Source Journal
Document #
Enter the document number.
Tab Key
Prepare Date
Enter the Acquired Date in MM-DD-YYYY format.
Enter or Add Button
Maintain Journal Entry
Select Acquired Property or Bankruptcy from the Ledger Classification list box.
Tab Key
Area or Field Office
Select the appropriate Office from pop-up journal.
Tab Key
Amount
Enter the Amount associated with the selected IRS account.
OK Button
Maintain Source Journal
Review input data. If correct, select...
Enter or Add Button
Maintain Transaction Journal
Highlight/select Application from the Possible Source Journals. From the Action Bar select...
Action then Add
Maintain Source Journal
No input is necessary for this journal.
Enter or Add Button
Maintain Journal Entry
Select the needed IRS Account.
Tab Key
Amount
Enter the amount associated with the selected IRS account.
Tab Key
DLN
Enter the Document Locator Number.
OK Button
Repeat for each account that has an amount.
OK Button
When finished with required data inputs, select...
Cancel Button
Maintain Source Journal
Review input data. If correct, select...
OK Button
If information is not correct, see Introduction for "Edit and Delete" Buttons.
Edit or Delete Button
Maintain Transaction Journal
Message
Select Message to enter up to 256 characters of audit trail information.
OK Button
Post
Review input data. If correct...
Post Button
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