U04 End of Period
U0422 Zero Daily General Ledger Accounts
| EOP Only | Yes |
| Frequency | Daily |
| Sequential Updates | No |
| Skip Notes | See note below to avoid double counting of accounts |
For more information about End of Period,
refer to U04 End of Period Overview.
This module zeroes out the daily debits and credits for all General Ledger accounts and also zeroes out the cash processed amount for each office. If this module is not executed daily, the daily debit and credit amounts reflect an accumulation of several days' work.
Skip Comments: If this module is skipped, the daily debits and credits are not cleared out for the current day. If a daily interface to an outside General Ledger system is already completed for the current day, but this module is skipped, then tomorrow's General Ledger numbers will include today's information, double counting the current day's information.
Following are the supplemental depreciation general accounts that are to be zero out the daily debits and credits made by this update:
- ACCUMULATED SUPPLEMENTAL DEPRECIATION
- SUPPLEMENTAL DEPRECIATION EXPENSE
- EOT SUPPLEMENTL DEPRECIATION RELEASE
Following are the IDCs general ledger accounts which will be zero out for the daily credit and debit accounts after the execution of this update:
- IDC8 - FASB91 INCOME ADJUSTMENT
- IDC9 - FASB91 INCOME ADJUSTMENT
- IDCA - FASB91 INCOME ADJUSTMENT
- IDCB - FASB91 INCOME ADJUSTMENT
- IDCC - FASB91 INCOME ADJUSTMENT
- IDCD - FASB91 INCOME ADJUSTMENT
- IDCE - FASB91 INCOME ADJUSTMENT
- IDCF - FASB91 INCOME ADJUSTMENT
- IDCG - FASB91 INCOME ADJUSTMENT
- IDCH - FASB91 INCOME ADJUSTMENT
- IDC8 - SUSP FASB91 INCOME ADJUSTMENT
- IDC9 - SUSP FASB91 INCOME ADJUSTMENT
- IDCA - SUSP FASB91 INCOME ADJUSTMENT
- IDCB - SUSP FASB91 INCOME ADJUSTMENT
- IDCC - SUSP FASB91 INCOME ADJUSTMENT
- IDCD - SUSP FASB91 INCOME ADJUSTMENT
- IDCE - SUSP FASB91 INCOME ADJUSTMENT
- IDCF - SUSP FASB91 INCOME ADJUSTMENT
- IDCG - SUSP FASB91 INCOME ADJUSTMENT
- IDCH - SUSP FASB91 INCOME ADJUSTMENT
- IDC8 AMORTIZATION
- IDC9 AMORTIZATION
- IDCA AMORTIZATION
- IDCB AMORTIZATION
- IDCC AMORTIZATION
- IDCD AMORTIZATION
- IDCE AMORTIZATION
- IDCF AMORTIZATION
- IDCG AMORTIZATION
- IDCH AMORTIZATION
- IDC8 - SUSPENDED AMORTIZATION
- IDC9 - SUSPENDED AMORTIZATION
- IDCA - SUSPENDED AMORTIZATION
- IDCB - SUSPENDED AMORTIZATION
- IDCC - SUSPENDED AMORTIZATION
- IDCD - SUSPENDED AMORTIZATION
- IDCE - SUSPENDED AMORTIZATION
- IDCF - SUSPENDED AMORTIZATION
- IDCG - SUSPENDED AMORTIZATION
- IDCH - SUSPENDED AMORTIZATION
- IDC8 - TOTAL RESERVES PAYABLE
- IDC9 - TOTAL RESERVES PAYABLE
- IDCA - TOTAL RESERVES PAYABLE
- IDCB - TOTAL RESERVES PAYABLE
- IDCC - TOTAL RESERVES PAYABLE
- IDCD - TOTAL RESERVES PAYABLE
- IDCE - TOTAL RESERVES PAYABLE
- IDCF - TOTAL RESERVES PAYABLE
- IDCG - TOTAL RESERVES PAYABLE
- IDCH - TOTAL RESERVES PAYABLE
- IDC8 - ALT: LEASE INCOME ADJUSTMENT
- IDC9 - ALT: LEASE INCOME ADJUSTMENT
- IDCA - ALT: LEASE INCOME ADJUSTMENT
- IDCB - ALT: LEASE INCOME ADJUSTMENT
- IDCC - ALT: LEASE INCOME ADJUSTMENT
- IDCD - ALT: LEASE INCOME ADJUSTMENT
- IDCE - ALT: LEASE INCOME ADJUSTMENT
- IDCF - ALT: LEASE INCOME ADJUSTMENT
- IDCG - ALT: LEASE INCOME ADJUSTMENT
- IDCH - ALT: LEASE INCOME ADJUSTMENT
Following are the IDC ASC 842 general ledger accounts which will be zero out for the daily credit and debit accounts after the execution of this update:
- UNAMORTIZED IDC COST - ASC 842
- SUSPENDED IDC ACCRUED - ASC 842
- IDC OFFSET - ASC 842
- IDC AMORTIZATION - ASC 842
- DEFERED IDC AMORTIZATION - ASC 842
- DEFERED SUSP IDC ACCRUED - ASC 842
Reference Guide |
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The information contained in this document is the sole property of NETSOL Technologies, Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. NETSOL Technologies, Inc. assumes no liability for any inaccuracy that may appear in this document nor does it have the obligation to update any of the information contained herein; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of NETSOL Technologies, Inc. is prohibited.