ENTRY NO. A–3, ACCRUE ACCOUNTS RECEIVABLE ABATEMENTS AND REIMBURSEMENTS - 10602

(Revised: 06/2023)

Purpose: To accrue accounts receivable abatements and reimbursements for the fiscal year just ended. This entry is reversed in the new fiscal year.

 

References: SAM Sections 7620, 8287, 8295, 8296, and 10407

 

Accrue Abatements and Reimbursements

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	1200100	1311	Accounts Receivable-Abatements	a
Debit	1200050	1312	Accounts Receivable-Reimbursements	b
Debit	124xxxx	1400	Due from Other Funds or Appropriations	c
Debit	126xxxx	1500	Due from Other Governments	d
Credit	48xxxxx	8100	Reimbursements	e
Credit	5xxxxxx	9000	Appropriation Expenditures	f

 

Note:

1. Abatements due from private entities that were not billed or recorded as of June 30, deemed to be collectible during the ensuing fiscal year.
2. Reimbursements due from private entities that were not billed or recorded as of June 30, deemed to be collectible during the ensuing fiscal year.
3. Abatements and reimbursements due from other funds or appropriations that were not billed or recorded as of June 30, deemed to be collectible during the ensuing fiscal year.
4. Abatements and reimbursements due from other governmental entities that were not billed or recorded as of June 30, deemed to be collectible during the ensuing fiscal year.
5. Total amount of reimbursement receivables in Notes a through d.
6.  Total amount of abatement receivables in Notes a through d.