PSCD Uncashed Checks

[Former Member]

Hi Experts,

I did a serach on this subject and did not see the results I need. I'm hoping someone can provide the PSCD process (including tcodes).

Our state requires all unclaimed property to be reported. We have un-cashed PSCD refund checks that we need to 1: report on and 2: send the funds to the state. Once we do that, we need to ensure that in the future, we don't void and reissue the original check (since the funds have gone to the state).

Our initial thought was to do this:

1. Void original check and create a void reason code to "flag it"

2. Establish a new Main/Sub to record the accounting data.

3. Manually enter (FKKORD1) a charge with above created Mtran/Stran.

4. Manually match above charge to the voided check to clean up record

5. Make a note on the BP record

But we didn't know if PSCD already has a process for this that we should use instead? Or are the steps we outlined above on the right track? Also if the refund check should be voided, is there configuration that can automatically create the accounting entries and update the BP record based on the reason code?

Please help!!

Thanks in advance,

Cindy

[Former Member · Accepted solution]

This process is a Check Management process for escheatment, and not necessarily a PSCD process. The fact that your refund check is cashed or uncashed is something that is managed through the check management process and bank statement reconciliation. Are you using EBS? You should be able to realize this scenarion there. In PSCD the fact that the refund is issued, completed the PSCD process flow.