Expenditure Reclassification


Purpose

To describe the process in which the AUI reclassifies expenditures in order to ensure that expenditures are charged to appropriate business unit account number or object code.

Procedure

  1. On a monthly basis the AUI/NRAO Chief Accountant and AUI Controller review the General Ledger to ensure that costs have been recorded and classified properly.
  2. If noted through email or other documentation a miscode was found in the general ledger a journal entry is created by AUI/NRAO Chief Accountant and entered into the JD Edwards Accounting system to reclassify the amount to the appropriate account code. AUI/NRAO Chief Accountant
  3. The updated General Ledger is given to the AUI Controller for review and approval.