Photocopy, Arbitrage Refunds and Miscellaneous (MISC) Revenue Refunds

This subsection describes the journals used to record Photocopy, Arbitrage Refunds and MISC Revenue unconfirmed refund schedules.

This table describes the steps required to complete journals 500, 505 and 510.

Step

Prompt

Description / Action

Select or Enter

RACS Main Menu

Highlight/select Disbursement.

Apply

Disbursement Control Main Menu

Record

Select Photocopy,MISC Revenue, or Arbitrage Refunds.

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.

Enter or Add button

Total Amount

Enter the Total Amount of the refund.

Tab Key

Items

Enter the total Items.

Enter or Add Button

Maintain Journal Entry

Amount

Enter the amount associated with the generated IRS accounts.

OK Button

Maintain Source Journal

Review input data. If correct, select...

OK Button

If information is not correct...

Edit or Delete Button

Maintain Transaction Journal

Message

Select Message to enter up to 256 characters of optional audit trail information.

OK Button

Post

Review input data. If correct...

Post Button