Sales credits usually involve internal transfers from one UW System department or institution to another. An example is when a department purchases supplies from Stores. There is no budget for receipts, therefore receipt transactions have no effect on the balance of the budget. Sales Credits are budgeted. The budget balance is increased by sales credits.
Receipts increase receipts to date.
Sales credits reduce payments to date. Receipts increase the cash balance on selected funds. Sales credits increase the cash balance on selected funds. The cash balance reflects the status of the operation since its beginning. The budget, however, is the authorized expenditure level on the operation for the current fiscal year.