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Project, Grants, and Segment GL Account Rules Used for Reporting

Understand how debit and credit amounts are displayed in Project, Grant and Segments Reports based on account type.

001.0000.121000 - Assets (1)

001.0000.202001 - Liabilities (2)

170.0000.281009 - Fund Balance (3)

001.1250.347200 - Revenues (4)

001.1000.531006 - Expenses (5)

 

If the Account Type =1 - Assets & Deferred Outflows: Include a section “Assets & Deferred Outflows” within the completed Project/Grant Form in Project/Grants Management. Amounts that are a DEBIT to an Asset & Deferred Outflows account should be reported as a positive amount. Amounts that are a CREDIT to an Asset & Deferred Outflows account should be reported as a negative amount.

 

If the Account Type =2 - Liabilities & Deferred Inflows: Include a section “Liabilities & Deferred Inflows” within the completed Project/Grant Form in Project/Grants Management. Amounts that are a DEBIT to a Liabilities & Deferred Inflows account should be reported as a negative amount. Amounts that are a CREDIT to a Liabilities & Deferred Inflows account should be reported as a positive amount.

 

If the Account Type =3 - Fund Balance & Net Position: Include a section “Fund Balance & Net Position” within the completed Project/Grant Form in Project/Grants Management. Amounts that are a DEBIT to a Fund Balance & Net Position account should be reported as a negative amount. Amounts that are a CREDIT to a Fund Balance & Net Position account should be reported as a positive amount.

 

If the Account Type =4 - Revenues & Other Inflows: There already is a section “Revenues” within the completed Project/Grant Form in Project/Grants Management. And revenues are reported in all of the reports in Projects & Grants module as listed above. Amounts that are a DEBIT to a Revenues & Other Inflows account should be reported as a negative amount. Amounts that are a CREDIT to a Revenues & Other Inflows account should be reported as a positive amount.

 

If the Account Type =5 - Expenses & Other Outflows: There already is a section “Expenses” within the completed Project/Grant Form in Project/Grants Management. Expenses are reported in all of the reports in Projects & Grants module as listed above. Amounts that are a DEBIT to an Expenses & Other Outflows account should be reported as a positive amount. Amounts that are a CREDIT to an Expenses & Other Outflows account should be reported as a negative amount.Understand how debit and credit amounts are displayed in Project and Grant Forms based on account type.