Finance Accounts Amounts owed to private persons or Any IT solution that captures, SAAM Payable organizations for goods and/or services tracks, monitors, maintains or Manual received by the state. Accounts Payable processes payments made to does not include amounts due to other other entities including other agencies, funds, or other governments state agencies. This includes but is not limited to invoices, credit card, check and/or direct deposit transactions Finance Accounts Amounts due from private persons or Any IT solution that captures, SAAM Receivable organizations for goods, and/or services tracks, monitors, maintains or Manual furnished by the state. Accounts Receivable processes payments owed does not include amounts due from other and/or received from other agencies, funds, or other governments entities including other state agencies. This includes but is not limited to invoices, credit card, debit card, check and/or direct deposit transactions Finance Cash Flows The cash receipts and cash payments of a Any IT solution that captures, SAAM government during a period. It categorizes tracks, monitors, and/or Manual cash activity as resulting from operating, processes cash flow noncapital financing, capital financing and transactions or otherwise investing activities supports any of the capabilities identified in the definition Finance General Ledger The process of correlating one set of records Any IT solution that performs SAAM Reconciliation with another set of records and/or a physical and/or supports the Manual inventory count that involves identifying, capabilities listed in the explaining, and correcting differences definition
Finance Accounts Payable Amounts owed to private persons or organizations for goods and/or services received by the state. Accounts Payable does not include amounts due to other agencies, funds, or other governments Any IT solution that captures, tracks, monitors, maintains or processes payments made to other entities including other state agencies. This includes but is not limited to invoices, credit card, check and/or direct deposit transactions SAAM Manual Finance Accounts Receivable Amounts due from private persons or organizations for goods, and/or services furnished by the state. Accounts Receivable does not include amounts due from other agencies, funds, or other governments Any IT solution that captures, tracks, monitors, maintains or processes payments owed and/or received from other entities including other state agencies. This includes but is not limited to invoices, credit card, debit card, check and/or direct deposit transactions SAAM Manual Finance Cash Flows The cash receipts and cash payments of a government during a period. It categorizes cash activity as resulting from operating, noncapital financing, capital financing and investing activities Any IT solution that captures, tracks, monitors, and/or processes cash flow transactions or otherwise supports any of the capabilities identified in the definition SAAM Manual Finance General Ledger Reconciliation The process of correlating one set of records with another set of records and/or a physical inventory count that involves identifying, explaining, and correcting differences Any IT solution that performs and/or supports the capabilities listed in the definition SAAM Manual
Financial%20and%20Administrative%20Business%20Functions%20V3.docx