DMBM230120 - Account Reconciliation: Agree transfers to and from OAS
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Daily Transfers
To agree the daily transfers to and from OAS follow the steps below
- Obtain a copy of the daily SAMAS report
- Obtain a copy of the two OAS listings showing transfers to and from OAS for the corresponding day and headed
- OAS record of SA payments transferred in (OAS Print K in)
- OAS record of SA payments transferred to SA (OAS Print K out)
- Compare the amounts on the report to the amounts in the comparison noted:
- SAMAS Transfer from OAS (Daily Cash Column) compare with record of payments transferred to SA on OAS Listing
- SAMAS Transfer to OAS (minus) (Daily Cash Column) compare with OAS record of SA payments transferred in on OAS Listing
If the amounts on the report and both listings agree
- Initial and date the agreed entries on the list and the report
- File and retain the documents
If the amounts on the report and one or both of the listings do not agree
- Advise your manage and Live System Report
- Report the discrepancy to your SA manager for a Trouble Ticket to be raised
- Await notification of how the discrepancy has been resolved and take steps 4 and 5