2nd Party Accounting

The 2nd Party Accounting tab on the IET transaction contains common Accounting fields as described in the Accounting topic in the Transactions User Guide. The following fields are not common to Accounting tabs.

Field Name	Required?	Field Description
Prior Year Accrual/Clearing %	Calculated	The percentage of the total days in the range of Service From and Service To dates calculated to be from the Prior Fiscal Year by the Automated Accrual Clearing Process.
Bank	Conditionally Required	An optional field for entering a Bank account code to be recorded for the accounting line. This field is required or prohibited based on Event Type Requirement (ERQ) settings for the event type being used. If the ERQ requires a bank, the system will default a Bank from the Fund (FUND) table, using the Fund and Fiscal Year of the accounting line. A pick exists to the BANK table to assist in data entry.
Billing Profile	System Set	An optional field inferred and used for Accounts Receivable updates when the accounting line of the internal transaction references a Receivable (RE) transaction.
AR Dept	System Set	An optional field inferred and used for Accounts Receivable updates when the accounting line of the internal transaction references a Receivable (RE) transaction.
AR Unit	System Set	An optional field inferred and used for Accounts Receivable updates when the accounting line of the internal transaction references a Receivable (RE) transaction.
Central Statement Billing Profile	System Set	An inferred field, when populated, indicates that the transaction is associated with a central statement.
Debt ID	Conditionally Required	The IET Transaction Type is used to record accounting events for internal loans with the Internal Debt Accounting (IDA) Transaction Code. There are limits on what Debt ID values can be entered: A Loan Application ID cannot be entered. The Debt Instrument Status must be active and not one of the preliminary values. The Debt Instrument Status should not be one that is completed or closed. Please see the Debt Management User Guide for more information on these and other topics.
Schedule Number	Optional	The Schedule Number field is used when recording an accounting event for an internal loan.
Schedule Line	Optional	The Schedule Line field is used when recording an accounting event for an internal loan. Refer the Debt Management User Guide for more information on this and similar fields.
Debt Accounting Event	Optional	Debt system processes set this field during transaction creation. Valid values include: Initial Accounting – Records receivables and payables at the beginning of a loan. Principal Payout - Used when transferring loan proceeds at the start of the loan. Long Term Account Reclassification – The amount for the current fiscal year is converted from long term to current accounts. Accrual – An internal payment that spans the end of an accrual period is accrued proportionally into the accrual period. Accrual Reversal - Internal payments accrued into an accrual period are then reversed in the subsequent period.
Service From	Conditionally Required	An optional date that will default to the Record Date on the Header unless made required by Transaction Control (DCTRL), in which case, there is no default and the date must be manually entered.
Service To	Optional	Optional An optional field that will default to equal the Service From if left blank.
Funding Profile, Priority and Line	Optional	These three funding COA exist but are initially hidden unless the Funding Profile, Priority and Line Entry indication on Transaction Control (DCTRL) is true. It is strongly suggested that they only be enabled on a clone of the IET to ensure that their use does not upset the balance of a front-end split Major Program.