Journal Steps

This table describes the steps required to complete journal numbers 306, 307, 308, 309, 310 and 311.

Step

Prompt

Description / Action

Select

RACS Main Menu

Highlight/select Loss.

Apply

Loss Control Main Menu

Record

Select one of the six Loss or Recover options from the menu.

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 Loss Document Number.

Tab Key

Prepare Date

Enter the date of the loss in MM-DD-YYYY format...

Add or Enter Button

Maintain Journal Entry

Tax Class

Select the Tax Class from the Ledger Classification list box.

Tab Key

Area Office

Select the appropriate Area Office code from the pop-up journal (If applicable for 309, 310, 311).

Tab Key

Amount

Enter the amount associated with the selected IRS account.

OK Button

Repeat for each doc ID that has an amount. When finished with required inputs, select...

Cancel Button

Maintain Source Journal

Review input data. If correct, select...

OK 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.

Add Button

Maintain Journal Entry

Select the needed IRS account.

Tab Key

Amount

Enter the amount associated with the selected IRS account.

OK Button

Repeat for each account that has an amount. When finished with required 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