Elements and Performance Criteria
- Receive, identify and record receipts
- Established procedures are followed and receipts are checked for accuracy against remittance documents
- All receipts are recorded with remittance types accurately identified to ensure correct allocation in accordance with organisation policy and procedures
- Batching is completed in accordance with organisation systems and operating procedures and relevant departments advised of total daily receipts
- Match receipts to documentation
- Enter data to systems
- All receipts are accurately allocated to appropriate chart of account areas and data entered onto receipt systems without error and within time requirements specified in relevant organisation policy and procedures
- All receipts are accurately matched to system debit with any data and allocation discrepancies identified promptly to enable early follow-up
- Advice on source and solution to discrepancies is sought, where necessary, to solve outstanding problems
- Related systems are updated, reconciliations completed and discrepancies between general ledger and sub-systems resolved
- File documentation