Record the Receipt of Federal Funds Step-by-Steps

This step in the business process flow records the receipt of federal funds in the federal budget code using a Journal Voucher entry. This entry records the drawdown of funds needed to cover the federally funded expenditures incurred in the operating fund.

After signing on:
 

1.  Type .BC in the ACTION field on any screen and press enter to access the Budgetary Control Menu (001) screen. (You must type the period.) 
2. Type 2 in the NEXT FUNCTION field and press enter to access the Budgetary Control Document Entry Menu (200) screen. 
3. Type 1 in the NEXT FUNCTION field and press enter to access the Journal Voucher Entry (211) screen. 
4.  Type A in the OPTION field to add a document. 
5. Type your document ID number in the DOCUMENT ID field using 21 (cash receipts entry) as the transaction type. 
6. Type your initials or an agency-specific identifier in the APPLICATION AREA field and press enter to access the Journal Voucher Entry (212) screen. 
7. Type the date the entry is to become effective in the EFFECTIVE DATE field. 
8. Type the federal drawdown amount in the TOTAL field. 
9. Type your company number in the COMPANY ID field.
10. Type 1 in the DATA TYPE CODE field to indicate a one-sided entry.
11. Press enter to access the Journal Voucher Entry (213) screen and enter the detail lines of the document. 
12. Type a sequence number, beginning with 0001 in the LINE field. 
13. Type A in the TRANSACTION CODE field to add a transaction line.
14. Type Federal Funds Revenues account number in the COMP/ACCT/CNTR field. 
15. Tab to the CNTR part of the COMP/ACCT/CNTR field and type your center number. 
16. Type the amount being credited in the DEBIT/CREDIT AMOUNT field. 
17. Type CR in the DEBIT/CREDIT CODE field. 
18. Type CB in the ACCOUNTING RULE field. Accounting rule CB automates the debit to the Budget Code Cash account. 
19. Press enter to validate the accounting distribution and repeat Steps 12-18 until each credit entry has been completed. 
20. When the last line has been entered, tab to the OPTIONS field, type END or E and press enter. 
 

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