Kansas Department of Administration

Transfer Account Codes prohibited for Fiscal Year End Receivables (Pending Item) for Federal Funds

June 23, 2022

Due to the requirement that both sides of a transfer be completed within the same fiscal year, the use of a transfer account code on receivable (pending) item that will cross fiscal years is prohibited.  Instead, a revenue account code shall be used on the Reason code (funding line) of a receivable for those that would normally use a transfer code. 

In the new fiscal year, the interfund deposit shall be a direct-journal deposit using a transfer code and the receivable item created in the prior fiscal year shall be written off using the AR write-off process.

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