Post Unidentified Checks/Wire Transfers


Occasionally, the Cashier's Office receives checks that cannot be matched to a customer account. Such checks will be deposited, along with others received that day, and posted to G/L Account 201100 - Unidentified Cash Receipts.

Subsequently, the Cashier's Office will forward copies of all unidentified checks to A/R, where A/R personnel will research the payments and contact the issuer of the check, if necessary, to determine the intent of the payment.

Should the payment be found to relate to an outstanding A/R balance, A/R personnel will execute a credit memo (see F-27 - Enter Credit Memo) to credit the customer's account with the payment and will debit G/L Account 201100 - Unidentified Cash Receipts.

Another method of crediting a customer account and debiting the appropriate G/L account is using F-26 - Post Wire Transfers/Checks via Fast Payment.

Should the payment ultimately be found to relate to some other purpose outside A/R, A/R personnel will execute a journal voucher crediting the payment to the appropriate cost center, internal order or project and will debit G/L Account 201100 - Unidentified Cash Receipts.