Bank account adjustments for agency transactions
Deposit Adjustments
The bank will provide OST with deposit adjustment information explaining the reason for the correction.
OST Cash Management will prepare a cash receipt journal summary (A8) debiting or crediting your agency and fund 01P. Copies of all documentation will be sent to the agency contact.
Returned Checks
Checks returned by the drawer bank are returned for the reason indicated on the face of the check. Reasons for return can include: non sufficient funds (NSF), missing signature, stale dated, hold on account, non negotiable item, refer to maker and stop payment.
OST Cash Management will prepare a cash receipt journal summary (A8) debiting your agency and fund 01P. Copies of all documentation will be sent to the agency contact.