AR Charge/Adjustment Report

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The AR/AP Report is a real-time sub ledger and TCS general ledger of your client account receivables and payables. The grand total should reconcile to your general ledger balance.

This report needs to ran on individual clients when their remit code is changed, i.e., from Net to Gross and vice versa. Changing the remit code changes how CUBS accounts for the transactions for the client. Run a snapshot of the report before and after so that you can calculate the change and make the corresponding adjustment to the Accounting system.

o All TC 16’s and clones of TC 16’s show up on this report.

o When posting, the clerk must select a ‘REASON’ from a list or enter a reason free form.

o The REASON and the clerks initials are both reported.

This report lists those transactions that pertain to client adjustments only, including all trans code 16 type transactions.

AR Charge/Adjustment Report is optional report that requires controls to be put setup in the Client Posting Screen.

For an example of how the Excel spreadsheet cells would be populated refer to the Daily General Ledger example.

To summarize, the following entries should be made to your accounting system.

o Once entries from the Payments, NSF, Reversal/Repost Reports and Statements are completed. Run the AR/AP Report against the general ledger to verify that your Accounting system and TCS are in balance (area highlighted in yellow).

Prompts for AR Charge/Adj Report