Note:

The Non-Equity Collateral journals #330 and #335 are for safe keeping only. The Undetermined Seizure journals are 340 and 345.

This table describes the steps required to complete journal numbers 320, 321, 322, 323, 324, 325, 330,335, 340 and 345.

Step

Prompt

Description / Action

Select

RACS Main Menu

Highlight/select Inventory.

Apply

Inventory Control Main Menu

Record

Select one of the six Seized Property or Collateral 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 Document Number. To close, the Document Number must match the number used when the Inventory was opened.

Tab Key

Prepare Date

Enter the Seizure date for account 3300 Date Collateral Accepted for account 3200 in MM-DD-YYYY format.

Enter or Add Button

Maintain Journal Entry

Area or Field Office

Select the appropriate Office (if applicable).

Tab Key

Amount

Enter the Amount associated with the selected IRS account. For collateral or non-equity seizures, do not enter an amount.

Enter or OK Button

Maintain Source Journal

Review input data. If correct, select...

Enter or OK Button

If information is not correct, see Introduction for "Edit and Delete" Buttons.

Edit or Delete Button

Repeat if another document has an amount or select...

Cancel

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