Miscellaneous, Non-Master File (NMF), and Cover Over Refunds

This subsection describes the journals used to record Miscellaneous, NMF and Cover Over Unconfirmed Refund Schedules.

This table describes the steps required to complete journals 501, 507 and 516.

Step

Prompt

Description / Action

Select or Enter

RACS Main Menu

Highlight/select Disbursement.

Apply

Disbursement Control Main Menu

Record

Select MISC Refund, NMF Refund or Cover Over.

Tab or Apply

Account Period

Accept the highlighted current month or select the future month. From the Action Bar select...

Apply

Maintain Source Journal

Schedule #

Enter the Schedule Number assigned to the refund.

Tab Key

Prepare Date

Enter the date in MM-DD-YYYY format. When you have filled the field, the prompt moves automatically to the Items field.

Items

Enter the total Items.

Enter or Add Button

Maintain Journal Entry

Select 20X0903 Principal or 20X0904 Interest credit account.

Tab Key

Amount

Enter the amount associated with the selected account.

OK Button

Repeat for the second account if present. If only one account, 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

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 debit account.

Tab Key

Amount

Enter amount associated with selected account.

OK Button

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

Cancel Button

Maintain Source Journal

Maintain Source Journal.

OK Button

If information is not correct...

Edit or Delete Button