A reversal is a financial transaction to terminate an existing account receivable. The primary reason for reversing an accounts receivable is that it was entered in error.
You can reverse advance payment, gross level, and withholding lien-levy receivables, provided no payments have been applied.
For a reversal to occur, the State department sends an accounting transaction request to Medical Services. The receivable is then accessed using the North Dakota MMIS Web Portal by the financial control number (FCN).
Note: You must use a FCN when searching for the receivable that is being reversed.
Once the account receivable is accessed, the only required field to start the reversal process is a reason code.
During the reversal process the balance amount of both the original account receivable and the reversed account receivable FCN transactions are set to zero.
How to Reverse an Accounts Receivable
Version as of 5/16/14.
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