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IDENTIFYING IPAC PAYMENTS AND COLLECTIONS. A Guide to Identifying IPAC Payments and Collections Initiated by Debt Management Services. . IPACs in the New Accounting System.

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IDENTIFYING IPAC PAYMENTS AND COLLECTIONS


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identifying ipac payments and collections

IDENTIFYING IPAC PAYMENTS AND COLLECTIONS

A Guide to Identifying IPAC Payments and Collections Initiated by Debt Management Services.

ipacs in the new accounting system
IPACs in the New Accounting System
  • When Debt Management Services implemented the new accounting system in October 2008, changes in IPAC disbursements were noted by agencies. In addition, due to implementation and system problems at start-up, problems in identifying payments were phenomenal.
  • System updates and changes have occurred. This presentation provides the some of the more recent IPAC formats for specific IPAC payments.
ipac returns
IPAC Returns
  • Clients are encouraged to call DMS prior to return of IPACs.
  • Some IPACs returned to DMS are still being processed. IPACs created for re-processing may create more questions for clients.
  • IPAC re-processing can take weeks.
ipac download information for feddebt
IPAC Download Information for FedDebt
  • The following example shows PDF version of an IPAC for FedDebt weekly run. [Please note that FedDebt is not run weekly the last 5 days of the month. Those days are included in the first weekly run of the next month.]
  • In the example, the following fields provide information that assists in identifying the payment:
    • Purchase Order Number field indicates “FedDEBT08-MAR-2010.”
    • Transaction Description field indicates “DMSC FEDDEBT – 08-MAR-2010.”
    • Miscellaneous Information field indicates “FedDebt. For backup information, please call 1-800-858-0725.”
    • Documentation is maintained by FedDebt staff.
ipac download information treasury offset program top
IPAC Download Information Treasury Offset Program (TOP)
  • The following example shows PDF version of an IPAC for TOP weekly cycle run.
  • In the example, the following fields provide information that assists in identifying the payment:
    • Obligating Document Number field indicates “TOPCYC7578000000.” The number has no relevance to agency. Only the information that it is a TOP Cycle is helpful.
    • Transaction Description field indicates “DMSC TOP – 03-MAR-2010.” DMSC is the code our contractor uses to indicate this belongs to Debt Management Services.
    • Miscellaneous Information field indicates “TOP. For backup information, please contact the name and number provided in this field. 1008400119269 Creditor ALC-75030030 Count of Off/Rev.”
  • In the example, the first four numbers “1008” mentioned in the Miscellaneous Information field indicates this payment is for cycle 1008.
ipac download information manual payments
IPAC Download Information Manual Payments
  • The TOP Team at Liberty Center issued a manual payment memo and submitted to Accounting for payment. The term manual payment refers to the fact that DMS received a non-offset collection for a TOP debt. Once the collection is identified, an IPAC is sent to the creditor agency. The following example shows PDF version of an IPAC for a manual payment item.
  • Manual payments are issued weekly.
    • Purchase Document Number field indicates “15-MAR-2010.” No other reference is in this field.
    • Transaction Description field indicates “TOP pymnt: (name or names).”
    • Miscellaneous Information field indicates “TOP pymnt: (name or names).”
collection ipacs
COLLECTION IPACS
  • Collection IPACs for FedDebt have the same information that appear on payment IPACs.
  • Collection IPACs for TOP almosthave the same information that appear on payment IPACs.
ipac download information collection ipac for feddebt
IPAC Download Information Collection IPAC for FedDebt
  • The following example shows PDF version of an IPAC for FedDebt weekly run. [Please note that FedDebt is not run weekly the last 5 days of the month. Those days are included in the first weekly run of the next month.]
  • In the example, the following fields provide information that assists in identifying the payment:
    • Purchase Order Number field indicates “FedDebt08-MAR-2010.”
    • Obligating Document Number field indicates “FedDebt 08-Mar-201.’’ The “0” for the year “2010” does not show here.
    • Transaction Description field indicates “DMSC FEDDEBT – 08-MAR-2010.”
    • Miscellaneous Information field indicates “FedDebt- For back up information please call 1-800-858-0725.”
ipac download information collection ipac for treasury offset program top
IPAC Download Information Collection IPAC for Treasury Offset Program (TOP)
  • The following example shows PDF version of an IPAC for a TOP weekly cycle run.
  • In the example, the following fields provide information that assists in identifying the payment:
    • Purchase Order Number field indicates “TOP 03-MAR-2010.”
    • Obligating Document Number field indicates “TOPCYC 03-MAR-2010.”
    • Transaction Description field indicates “DMSC TOP– 03-MAR-2010.”
    • Miscellaneous Information field indicates “TOP - For backup information please contact the name and number provided in this field.”
contact information
Contact Information
  • Please do not return an IPAC without talking with a contact representative. If returned, the re-processing can take several weeks.
  • If IPAC indicates a TOP payment, please contact the TOP expert at the phone number provided on the payment IPACs.
  • If IPAC indicates a FedDebt payment, please contact the following with questions: 1-800-858-0725.