Credits:
- Departments providing a good or service should credit Cost Recovery (780111) or a revenue account code with the ‘INTERNAL’ designation in the 506XXX and 508XXX account codes unless the transaction is between UA and one of the foundations, in which case, a revenue account code may be used.
- If the transaction is a reimbursement, the department receiving the reimbursement should credit Cost Recovery (780111) or the account code where the reimbursable expense was originally charged.
- Revenue account codes in the 507XXX range should only be used by Auxiliary Funds (18XXX)
Debits:
- Account code 700001 is not valid for DTAs or journal entries. This account code is used for budget purposes only.
- Student scholarship activity should be expensed to 7812XX account codes.
- Account codes in the 795XXX range should only be used in construction project funds.
- Cost Recovery (780111) is only used as a debit when correcting an error.
Please contact Candace Holliday for questions about DTAs and Journal Entries.