The Cash Receipt (CR) document is used to record cash and checks received by units, for subsequent deposit into bank accounts by a central processing unit (such as the Bursar's office), via the Cash Management document (CMD). The CR document creates the specified accounting entries in the KFS.
Note: For more information about Cash Management document, see Cash Management.
The CR document routes for verification and preparation of bank deposits. Each unit that verifies cash receipts and prepares bank deposits uses a Cash Management document (CMD) to consolidate those cash receipts into bank deposits. The actual verification of the CASH RECEIPT is done on the CR document itself. The CMD is the document that manages a drawer.
Recording refunds to the university via the CR document allows you to credit the funds to the account and object code from which they were originally paid. The CR document may be used by university Bursar department staff that collect cash and checks and reconcile a cash drawer, but do not physically make the bank deposit themselves.
The user creating the CR utilizes reconciliation within the CR. After approved, the CR document creates the specified accounting entries in the KFS.