Accounting Entries

1. For amounts already recovered during the 2006-2007 fiscal year, Justice has sent a creditor IS to the Client department for services rendered to a particular date.  The Client department should have charged the amount to operating expenses, their appropriation and the Legal Services object.  Following the practices of previous years, some client departments charge a salary FRA and object for legal services charged by Justice Canada.  If salary or other codes were charged during the year, a correcting JV should be recorded to ensure the amounts are correctly reported under the operating expense FRA and legal services object.
   

   	Debit $	Credit $	FRA	Auth	Obj	I/E
   Operating Expenses	130		51321	B110	0410	I
   IS Credit Control		130	65ddd	0000	9013	I

   
   

2. By the end of P12 Extended 1, Justice determines the remaining charges for services delivered up to March 31.  This information is then communicated to the Client department.  The Client department records a PAYE. 
   

   	Debit $	Credit $	FRA	Auth	Obj	I/E
   Operating Expenses	15		51321	B110	0410	I
   OGD Accounts Payable		15	21132	R300	6299	I

   
   

3. During Period 12 Extended 1, Justice Canada informs the Client department of the amount to reverse.  Authority code, F155, must be used on the debit side of the reversal.   The use of F155 will be monitored to ensure the appropriate amount has been reversed.  The amount to reverse must include the amount charged for revolving fund(s).
   

   	Debit $	Credit $	FRA	Auth	Obj	I/E
   Operating Expenses	145		51321	F155	0410	I
   Operating Expenses		145	51321	B110	0410	I

   
   

4. The AP is cleared through a creditor initiated IS in 2007-2008.  The Client department would clear the payable as usual. 
   

   	Debit $	Credit $	FRA	Auth	Obj	I/E
   OGD Accounts Payable	15		21132	R300	6299	I
   IS Credit Control		15	65ddd	0000	9013	I