PROVE BUDGET CONTROL ACCOUNTS: Revised Budget for Expenditure = Appropriations Revised Budget for Revenue = Est. Revenue Control Account NOTE: Out of balances occur from Budget adjustments and/or Budget Completion Journal from SOY not posting correctly. If Appropriations and Est. Revenue Control Account balance, then no entries are made to Budg. Fund Balance UnRes. If Appropriations and Est. Revenue Control Account do NOT balance, then the difference is posted to Budg. Fund Balance UnRes. PROVE ACCOUNTS PAYABLE: Run and A/P - Invoice History by G/L Account: Select History by fund. Where Invoice Selection = Only Open invoices and the Last check date = the last day of the period, month that you are closing. **Grand Total by Fund = A/P Control Account. ACCOUNTING FUNCTION: Pooled Cash Account = Equity in Pooled Cash in each fund that resides in that particular checking account, in turn the equity in pooled cash in each fund should equal the Due To/Due From in Pooled Cash for each fund FIXED ASSETS: Run and Print Fixed Asset List by G/L account Report: Define by Governmental or Proprietary, Select Asset Status = Active, and Include Capitalized Assets. Total Land = Balance Sheet total land, Total Equipment = Balance Sheet total equip., etc. Run and Print Fixed Asset Capital Disposure Report: Totals of Type 1-6 accounts. NOTE: This is the beginning of the fiscal year. Client Homework Complete all steps that you were unable to complete in Live during training in your Live database. Please be sure to check our . Find answers, connect with peers, and gain insight by participating in our user-driven support community.
PROVE BUDGET CONTROL ACCOUNTS: Revised Budget for Expenditure = Appropriations Revised Budget for Revenue = Est. Revenue Control Account NOTE: Out of balances occur from Budget adjustments and/or Budget Completion Journal from SOY not posting correctly. If Appropriations and Est. Revenue Control Account balance, then no entries are made to Budg. Fund Balance UnRes. If Appropriations and Est. Revenue Control Account do NOT balance, then the difference is posted to Budg. Fund Balance UnRes. PROVE ACCOUNTS PAYABLE: Run and A/P - Invoice History by G/L Account: Select History by fund. Where Invoice Selection = Only Open invoices and the Last check date = the last day of the period, month that you are closing. **Grand Total by Fund = A/P Control Account. ACCOUNTING FUNCTION: Pooled Cash Account = Equity in Pooled Cash in each fund that resides in that particular checking account, in turn the equity in pooled cash in each fund should equal the Due To/Due From in Pooled Cash for each fund FIXED ASSETS: Run and Print Fixed Asset List by G/L account Report: Define by Governmental or Proprietary, Select Asset Status = Active, and Include Capitalized Assets. Total Land = Balance Sheet total land, Total Equipment = Balance Sheet total equip., etc. Run and Print Fixed Asset Capital Disposure Report: Totals of Type 1-6 accounts. NOTE: This is the beginning of the fiscal year. Client Homework Complete all steps that you were unable to complete in Live during training in your Live database. Please be sure to check our . Find answers, connect with peers, and gain insight by participating in our user-driven support community.
munis_20170601_fiscal_year_end.docx