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Module 4: Adjustments and Dishonored (Bad) Checks
Module 4: Adjustments and Dishonored (Bad) Checks
In this module, participants will gain a deeper understanding of adjustments and dishonored (Bad) checks and appropriate processes and procedures regarding this task.
IMPORTANT: Due to the change from legacy FMS to Aukahi FMS (AFMS) in July 2021, please note the following:
Some of the original modules or portions of the modules related to old system are obsolete. These modules now link to new/current guidance, and/or indicate portions that are outdated.
The remaining policy-based modules or portions of the module are still relevant, but may refer to the old system's terminology. A crosswalk/glossary of FMS to AFMS terminology changes is available here.
Most "FMS" forms have been changed to "AFMS" forms. All new/current AFMS guidance, forms, charts, and other resources are available on the new AFMS website at afms.k12.hi.us.
The quiz is no longer available and folder labels may no longer align.
The objectives of this learning module include:
The objectives of this learning module include:
Know what to do if a deposit was made to the wrong account
Understand what a debit memo is and what to do about it
Understand what a credit memo is and what to do about it
Know what adjustments can be entered by the school, and which need to be submitted to Accounting for input
Understand how the school/office is notified a check was dishonored/bounced
Know how to adjust CAR and WIZ receipt for the bad check
Know how to cite the state law that requires schools/offices to collect a bad check fee (post the sign and where to get the sign)
Understand what to do if a bad check is returned
Know what a school’s policy for accepting checks should include
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