You are here: Financial > Accounts Receivable > What Is Accounts Receivables? > About Withholding/Lien-Levy Receivable

About Withholding/Lien/Levy Receivables

A withholding receivable is created when the State receives information that a financial entity owes the State or another agency funds because of the following:

After the withholding/lien/levy is created, the system withholds the monies during subsequent claim payment cycle runs based upon the recoupment rules defined. The money will be disbursed to the designated entity through the payment cycle.

Withholding/Lien/Levy Receivables Process

The State department sends an accounting transaction request providing the financial entity information.

Before adding the withholding/lien/levy receivable, verify that the financial information exists for the entity. If not, then add the financial accounting entity.

An account receivable (A/R) is created using the activity code and reason code contained in the accounting transaction request received from the State.

After the withholding/lien/levy receivable is created, the reason code and amount owed to the lien holder can be updated if the receivable has not been processed in a claims payment and reporting cycle.

The claims payment and reporting cycle applies the amount of the lien and withholds payment from the financial entity based upon the withholding codes and recoupment rules defined on the receivable. In addition, the lien holder is paid during the same payment cycle.

During claims processing, the withholdings from the financial entity's checks is reflected on the financial entity's 1099. A report containing the payment to a financial entity, the amount withheld, and reason codes, is generated.

When the financial entity chooses the option to send a check or return a ND MMIS-generated check to pay down the receivable, it is recorded as a financial receipt. The financial control number can be viewed on the withholding/lien/levy receivable using the North Dakota MMIS Web Portal.

 

See Also

How to Add or Edit a Withholding/Lien/Levy Receivable

What Is Accounts Receivable?

How to Search for a Financial Accounting Entity

How to Add or Edit a Financial Accounting Entity

How to Add or Edit a Receipt

About Financial

 

Version as of 5/16/14.

Copyright © 2017 Conduent, Inc. All rights reserved. Conduent and Conduent Agile Star are trademarks of Conduent, Inc. and/or its subsidiaries in the United States and/or other countries.