[Accounts-receivable-news] SFMA Client Agencies: Change to Processing Write-off Transactions

[CHASE Stacey A * DAS]

Good afternoon.



As referenced in the Summer edition<https://www.oregon.gov/das/Financial/Acctng/Documents/SWARM%20Newsletter.Vol2-Iss3.pdf> of the SWARM newsletter, we wanted to highlight the following change associated with processing of write-off transactions:

Effective July 1, 2018, SFMA client agencies are required to enter a unique three digit code in the multi-purpose code (MPCD) field when processing write-off transactions in SFMA. The unique code, defined in OAM 35.50.10<https://www.oregon.gov/das/Financial/Acctng/Documents/35.50.10.pdf>, will identify which criteria for uncollectibility the agency used to write-off the debt.
SFMA client agencies that do not enter write-off transactions directly into SFMA will be asked to enter summary amounts by criteria code in SFMA at fiscal year-end to allow for consolidated reporting of annual write-off activity.



Please let me know if you have any questions. Thank you.

s

Stacey A. Chase
Statewide Accounts Receivable Management
Chief Financial Office
Department of Administrative Services
Phone: (503) 947-8567
www.oregon.gov/das/Financial/Acctng/Pages/AR.aspx<http://www.oregon.gov/das/Financial/Acctng/Pages/AR.aspx>
Data Classification: Level 1 - Published

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