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Trace: • Run a general ledger inquiry • (If available) Import annual benefits file • If report totals match, perform depreciation calculations • Initialize audit tables • pmissetup_step4
general:eoyaccruals_juneyearendschools:step7

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general:eoyaccruals_juneyearendschools:step7 [2024/06/20 12:41] – emorenogeneral:eoyaccruals_juneyearendschools:step7 [2025/06/05 15:55] (current) – emoreno
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 [[finance:inquiry:generalledgerinquiry:generalledgeraccountsummary|Finance > Inquiry > General Ledger Inquiry > General Ledger Account Summary]] [[finance:inquiry:generalledgerinquiry:generalledgeraccountsummary|Finance > Inquiry > General Ledger Inquiry > General Ledger Account Summary]]
 +
 +When considering potential journal entries to be made later in this step, use the following chart for reference.
 +
 +<WRAP box>
 +**Note**: This chart derives from the **Payroll Automatic Posting Default** section on the [[finance:tables:districtfinanceoptions:clearingfundmaintenance|
 +Finance > Tables > District Finance Options > Clearing Fund Maintenance]] tab. 
 +</WRAP>
 +
 +
 +
 +|**General Ledger Inquiry Report**|**School YTD Report**|**Expenditure Object Code**|
 +|216X|Accrued Wages|6119 or 6129|
 +|221X.11|Accrued Federal Grant Deposit|6146|
 +|221X.12|Accrued Federal Grant Care|6146|
 +|221X.14|Accrued Employer FICA/Medicare|6141|
 +|221X.15|Accrued Employer Unemployment Tax|6145|
 +|221X.16|Accrued Health Insurance Contribution (Emplr Health Insurance Accrued + TEA Health Ins Accrued)|6142|
 +|221X.17|Accrued Employer 457 Contribution|6149|
 +|221X.18|Accrued Employer Annuity Contribution|6149|
 +|221X.19|Accrued Employer TRS Care Contribution|6146|
 +|221X.20|Accrued Employer Dependent Care|6149|
 +|221X.21|Accrued Employer Miscellaneous Deduction Contribution|6149|
 +
  
 Run an inquiry on the 216X and 221X accounts from Finance and compare the balances to the [[payroll:reports:yeartodatereports:schoolytdaccrualpayrollaccountdistr|Payroll > Reports > Year To Date Reports > HRS3550 - School YTD Accrual Payroll Account Distribution Journal]]. Run an inquiry on the 216X and 221X accounts from Finance and compare the balances to the [[payroll:reports:yeartodatereports:schoolytdaccrualpayrollaccountdistr|Payroll > Reports > Year To Date Reports > HRS3550 - School YTD Accrual Payroll Account Distribution Journal]].
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 Compare the HRS3550 report totals to the General Ledger Inquiry reports. Compare the HRS3550 report totals to the General Ledger Inquiry reports.
- +\\
- +
-|**General Ledger Inquiry Report**|**School YTD Report**|**Expenditure Object Code**| +
-|216X|Accrued Pay|6119 or 6129| +
-|221X.11|Accrued Federal Deposit|6146| +
-|221X.12|Accrued Federal Care|6146| +
-|221X.14|FICA/Medicare Accrued|6141| +
-|221X.15|Unemployment Accrued|6145| +
-|221X.16|Emplr Health Insurance Accrued + TEA Health Ins Accrued|6142| +
-|221X.17|Emplr 457 Accrued|6149| +
-|221X.18|Emplr Annuity Accrued|6149| +
-|221X.19|Emplr TRS Care Accrued|6146| +
-|221X.20|Emplr Dependent Care Accrued|6149| +
-|221X.22|Emplr Misc Ded Contrib Accrued|6149| +
 Review the following example entry: Review the following example entry:
  
 ^Account Code^Debit^Credit^ ^Account Code^Debit^Credit^
-|211-00-2161-00-000-X-00-000|  |$11,656.55| +|199-00-2161-00-000-X-00-000|  |$2,696.98| 
-|211-11-6119-00-001-X-11-000|$11,656.55 | |+|199-11-6119-00-001-X-11-000|$2,696.98 | |
  
 This is the difference between the two amounts.  The entry has to make the general ledger match the HRS3550 - School YTD Accrual Payroll Account Distribution Journal. This is the difference between the two amounts.  The entry has to make the general ledger match the HRS3550 - School YTD Accrual Payroll Account Distribution Journal.
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-If there is a difference in any of the funds such as in the example shown below, a journal entry will need to be made to balance the general ledger to the HRS3550 - School YTD Accrual Payroll Account Distribution Journal.\\  Review the following example entry:+If there is a difference in any of the funds such as in the example shown below, a journal entry will need to be made to balance the general ledger to the HRS3550 - School YTD Accrual Payroll Account Distribution Journal.\\  \\  Review the following example entry:
  
 {{:general:eoyaccruals_juneyearendschools:june_accruals_step_6_generaljournalentry.png|General Journal Entry Example}} {{:general:eoyaccruals_juneyearendschools:june_accruals_step_6_generaljournalentry.png|General Journal Entry Example}}
general/eoyaccruals_juneyearendschools/step7.1718887301.txt.gz · Last modified: 2024/06/20 12:41 by emoreno

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