Miscellaneous

The Miscellaneous tab stores default accounts that apply by Fiscal Year to primarily to the annual close system process, but also contains several open-use accounts. Sub account fields are always optional, even if the primary account is required by other system configuration.

The following table displays default accounts in alphabetical order.

Default	Description
Agency Due To Agency Due To Sub Account Agency Due To Override	The equity account used in the Annual Close Process for those funds that have a Close Into setting of Agency Due.
Annual Closing Offset	The account used for debit and credit balancing when the Annual Close Process is creating a journal voucher for a fund where there are more accounts to close than allowed by the accounting line limit enforced by the process. There is no account type restriction for this balance sheet account, but it should match the requirement for the Annual Closing Offset posting code used.
FASB/GASB	The setting from System Options for display purposes to assist in the completion of default account values that contain edits for being required based on this option.
FASB Permanently Restricted Assets FASB Permanently Restricted Assets Sub Account FASB Permanently Restricted Assets Override	The equity account for classifying all FASB net assets that are considered permanently restricted, which means they will remain limited for certain uses. No posting code is delivered with this default account.
FASB Temporarily Restricted Assets FASB Temporarily Restricted Assets Sub Account FASB Temporarily Restricted Assets Override	The equity account for classifying all FASB Net Assets that are considered temporarily restricted, which means they can only be used for specific purposes until a certain time. No posting code is delivered with this default account.
FASB Unrestricted Assets FASB Unrestricted Assets Sub Account FASB Unrestricted Assets Override	The equity account for classifying all FASB Net Assets that are considered unrestricted which means they can be used for any need. No posting code is delivered with this default account.
Fund Balance Fund Balance Sub Account Fund Balance Override	The equity account used in the Annual Close Process for those funds that have a Close Into setting of Fund Balance.
Master Closing Object	The object used by the Annual Close Process on the journal voucher lines that offset the closure of a spending account into equity.
Master Closing Revenue Source	The revenue source used by the Annual Close Process on the journal voucher lines that offset the closure of a revenue account into equity.
Miscellaneous Asset 1 Miscellaneous Asset 1 Sub Account Miscellaneous Asset 1 Override	An asset account with no pre-defined function for use with custom posting codes.
Miscellaneous Asset 2 Miscellaneous Asset 2 Sub Account Miscellaneous Asset 2 Override	An asset account with no pre-defined function for use with custom posting codes.
Miscellaneous Equity 1 Miscellaneous Equity 1 Sub Account Miscellaneous Equity 1 Override	An equity account with no pre-defined function for use with custom posting codes.
Miscellaneous Equity 2 Miscellaneous Equity 2 Sub Account Miscellaneous Equity 2 Override	An equity account with no pre-defined function for use with custom posting codes.
Miscellaneous Liability 1 Miscellaneous Liability 1 Sub Account Miscellaneous Liability 1 Override	A liability account with no pre-defined function for use with custom posting codes.
Miscellaneous Liability 2 Miscellaneous Liability 2 Sub Account Miscellaneous Liability 2 Override	A liability account with no pre-defined function for use with custom posting codes.
Net Assets Net Assets Sub Account Net Assets Override	An equity account used in the Annual Close Process when the Posting Code Closing Classification of a posting code is Close Into Net Assets. As delivered, this is the setting for all equity accounts used to offset expenditures for pre-paid, inventory, and fixed assets.
Payroll Clearing Account Payroll Clearing Sub Account Payroll Clearing Account Override	The liability account used in the recording of gross pay before being allocated to more specific liabilities.
Retained Earnings Retained Earnings Sub Account Retained Earnings Override	The equity account used in the Annual Close Process for those funds that have a Close Into setting of Retained Earnings.