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HMRC internal manual

Debt Management and Banking Manual

From
HM Revenue & Customs
Updated
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Account Reconciliation: Agree transfers to and from OAS

Daily Transfers

To agree the daily transfers to and from OAS follow the steps below
 

  1. Obtain a copy of the daily SAMAS report
     
  2. Obtain a copy of the two OAS listings showing transfers to and from OAS for the corresponding day and headed
     
* OAS record of SA payments transferred in (OAS Print K in)
* OAS record of SA payments transferred to SA (OAS Print K out)
  1. Compare the amounts on the report to the amounts in the comparison noted:
  • SAMAS Transfer from OAS (Daily Cash Column) compare with record of payments transferred to SA on OAS Listing
  • SAMAS Transfer to OAS (minus) (Daily Cash Column) compare with OAS record of SA payments transferred in on OAS Listing

If the amounts on the report and both listings agree

 

 

  1. Initial and date the agreed entries on the list and the report
     
  2. File and retain the documents

If the amounts on the report and one or both of the listings do not agree

 

 

  1. Advise your manage and Live System Report
     
  2. Report the discrepancy to your SA manager for a Trouble Ticket to be raised
     
  3. Await notification of how the discrepancy has been resolved and take steps 4 and 5