The event types in this subset of Internal Accounting are ones used for operating transfers. Operating Transfers are defined as all types of transfers that are not considered Residual Equity Transfers. Those equity transfers are ones that are non-recurring or non-routine used to provide equity when a new fund is started or expanded. They are also used when a fund ceases operations and remaining equity has to be transferred out. Most of the remaining types of transfers to be considered are operating.
IN20: Operational Transfer With Cash Offsets - This event type is used for operating transfers when cash should be used as the offset balance sheet account for both parties because they share the same bank account.
Posting Pair A: Seller/Provider
Dr A017: Operating Transfer Out
Cr A001: Cash (A)
Posting Pair B: Buyer/Receiver
Dr A001: Cash (A)
Cr A018: Operating Transfer In
Prior Event Types: Referenced accounting activity for this event type is optional but will likely not occur.
IN21: Operational Transfer With Non Cash Offsets - This event type is used for operating transfers when clearing accounts should be used as the offset balance sheet account for both parties.
Posting Pair A: Seller/Provider
Dr A025: Accrued Operating Transfer Out
Cr A002: Due To Fund (L)
Posting Pair B: Buyer/Receiver
Dr A003: Due From Fund (A)
Cr A026: Accrued Operating Transfer In
Prior Event Types: Referenced accounting activity for this event type is optional but will likely not occur.
IN23: Operational Transfer - Clearing Act Maint - This event type is used for operating transfers when clearing accounts should be used as the offset balance sheet account for both parties. IN23 is intended for use with the Clearing Account Maintenance functionality instead of IN21. Use of this event type and IN21 in the same period of time (that is, BFY Stage) is not recommended as the Clearing Account Maintenance program handles only the clearing accounts and does not move the accrued expenditures to cash expenditures. Use of the IN23 event type is intended for those BFY stages that occur after a year ends so that cash is not impacted against a prior fiscal year, however, IN23 could be used throughout the year instead of IN21 if the distinction of accrued accounts vs. cash accounts is not important for internal accounting.
Posting Pair A: Provider
Dr A017: Operating Transfer Out
Cr A002: Due To Fund (L)
Posting Pair B: Receiver
Dr A003: Due From Fund (A)
Cr A018: Operating Transfer In
Prior Event Types: Referenced accounting activity for this event type is optional but will likely not occur.