Forms:
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*Note - if the transaction has not yet been processed posted in Banner e.g. Accounts Payable has not processed your Jira request, then a reclass is not needed. Instead, email the responsible department.
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Account Type | Debit | Credit |
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Asset | Increase | Decrease |
Expense | Increase | Decrease |
Liability | Decrease | Increase |
Net Assets | Decrease | Increase |
Revenue | Decrease | Increase |
Example:
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To Process an Interdepartmental (ID) Charge:
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Debit:
FOAA of department receiving the good/service
Description - What the charge is for
Amount
Credit:
FOAA of department providing the good/service
Description - What the charge is for
Budget manager’s approval of charge
For Example: Health Services provided lab works for student athletes.
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To Request a Funds Transfer to a Designated (Non-Budgeted) Fund:
A transfer is needed to move funds to/from designated (non-budgeted) funds CLEAR THAT NOT UR TO D. Transfer accounts (808xx) are used for this purpose. Transfers need to be funding for a project or event in the current fiscal year, or they need to be grant-matching funds for the current fiscal year. Remaining funds will be carried forward to the next fiscal at the end of the year.
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If there is no budget in your budgeted org in the transfer line, please send a Budget Change Request (BCR) to the budget@spu.edu to transfer the budget from the appropriate FOAA.
For Example:
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