ENTRY NO. 26–APPLY REIMBURSEMENTS COLLECTED IN ADVANCE - 10526

(Revised: 01/2025)

 

Purpose: This entry is made when reimbursements collected in advance are credited to the reimbursement accounts of the fiscal year to which they apply.

References: SAM Sections 8216, 8453, and 10449

Apply Reimbursements Collected in Advance

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	2052000	3420	Reimbursements Collected in Advance	a
Credit	48xxxxx	8100	Reimbursements	b

 

Note:

1. Amount of reimbursements collected in advance are applied to fiscal year earned.
2. Amount of reimbursements earned are applied.