BOOK ENTRY ADJUSTMENTS

The BOOK ENTRY ADJUSTMENTS feature allows Payment Requestors to adjust Change to account's available balance (see Modify) cash on hand balances between ASAP Accounts that share the same Agency Location Code/Region and Recipient without making a funding request. It works like a journal entry in a general ledger, using increases and decreases to individual accounts to reflect adjustments. Characteristically, Book Entry Adjustments are made to adjust account balances, adjust excess cash on hand, or to correct a draw made from a wrong account.

Although, Book Entry Adjustments may be entered for any accounts associated with a single Agency Location Code/Region, you must follow guidelines from the granting Federal Agency Encompasses Federal Program Agencies including programs administration and funding. They are organizations that establish funds into ASAP accounts. when making Book Entry Adjustments between ASAP.gov Accounts. It is important to remember that Book Entry Adjustments NEVER result in a payment going to the payment requestor's bank account, as all decreases must equal increases (the net effect of a Book Entry Adjustment is always zero).

In addition, the Book Entry Adjustment feature precludes users from increasing the available balance The ASAP Available Balance shows the amount available for draw from an ASAP account. This may be equal to or less than the ASAP Account Balance. The available balance does not include return payments that are in a "frozen" state. of an ASAP Account A "pot of money" to an amount greater than the Cumulative Authorized Amount for that account.

INTERSTATE AUTHORIZATION TRANSFER

INTERSTATE AUTHORIZATION TRANSFER is a unique function available only to those ASAP Accounts established by the Department of Treasury’s Bureau of Public Debt for the Unemployment Trust Fund. This type of transfer is available to the Agency and States to transfer funds from one State’s Unemployment Insurance (UI) Account to another State’s UI Account as payment of Combined Wage Claims (CWC) or Interstate Reciprocal Overpayment Recovery Arrangements. The Bureau of Public Debt is able to designate any state’s UI Account as the ‘Transfer From’ Account or the ‘Transfer To’ Account; however, a Requestor, on behalf of an individual state One of fifty entities that are the United States of America.This also includes its territories. , is only able to designate a ‘Transfer To’ Account.