Creating an Accrued Expense Item - Subsidiary Detail

Screen ID: 

Screen Title: 

Panel Number:

images\kb_closed_shg.gif

PFAITM-08

Accrued Expense Item Creation

1131

images\1131g_shg.gif
Click here to magnify

 

This screen will appear after the initial creation screen or the pre-existing screen for accrued expense items.

This screen is used to enter details about this accrued expense, including monthly accrual expense and G/L account information. When done, use Enter to create the subsidiary record and return to the first subsidiary creation screen to create another item.

Field Descriptions

Field Name

Description

# of month to accrue monthly expense

Enter the term (number of months) over which this expense will be accrued (up to 999 months).

Start Date

This is the date (month and year) when the expense accrual will begin. This field will default to the current month, but can be changed to a future month if accrual should not begin until some point in the future.

Monthly accrual expense

Enter the amount to be accrued each month (required).

Total expense to accrue

Enter the total amount to be accrued over the term set for this item. This should be the total of the anticipated expense.

  • If the Monthly Accrual amount is not adequate to equal the Total to Accrue amount, the system will make up the difference on the last accrual expense.

G/L code

If a G/L Code has been defined for this type of subsidiary, enter it here. Click the lookup button images\magnifyingglasslookup_shg.gif to see a list of your credit union's configured codes.

If no code exists, you must complete the remaining G/L account number fields manually.

Liab. G/L acct#

If no G/L Code was entered, enter the G/L account number where the liability for the payment of this expense should be recorded. Click the lookup button images\magnifyingglasslookup_shg.gif to see a list of your credit union's configured codes.

Expense G/L#

If no G/L code was entered, enter the G/L account number where the monthly expense for this item should be recorded. Click the lookup button images\magnifyingglasslookup_shg.gif to see a list of your credit union's configured codes.

 

 

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#PFAITM-08.htm