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Accrued Expenses/Income PZRE policy - $1K Purpose: To present current period's capital and operating accruals. Procedure: Accountant should make sure all formulas in the blue
Accrued Expenses/Income | PZRE policy - $1K | |||||||
Purpose: | To present current period's capital and operating accruals. | |||||||
Procedure: | Accountant should make sure all formulas in the blue highlighted cells properly pulled information from the Accruals workpaper. Last accrual entry in each section below should list TBD. | |||||||
Capital Accruals | 2311-00 | |||||||
Project Name | Job Code | Affiliate? | Invoice Amount | Retainage | BS Acct | P&L Acct | Balance Due | |
Total Retainage: | - | Total Capital Accruals: | - | |||||
Per TB | - | Per TB | - | |||||
Variance | - | Variance | - | |||||
Operating Accruals | 2050-00 | |||||||
Invoice Description | Vendor | Affiliate? | Invoice Amount | BS Acct | P&L Acct | Balance Due | ||
Total Operating Accruals: | - | |||||||
Utilities and Security Costs Accruals | 2050-00 | |||||||
Invoice Description | Vendor | Affiliate? | Invoice Amount | BS Acct | P&L Acct | Balance Due | ||
Acc Electric 03/22-04/30 | Pepco Electric | N | 2,221.55 | April accrual | 2050-00 | 5210-00 | 2,221.55 | |
Acc Water 04/02-04/30 | Darcy Road Partnership | N | 314.38 | April accrual | 2050-00 | 5220-00 | 314.38 | |
Acc Electric 04/22-05/31 | Pepco Electric | N | 1,694.01 | May accrual | 2050-00 | 5210-00 | 1,694.01 | |
Acc Water 04/29-05/31 | Darcy Road Partnership | N | 314.38 | May accrual | 2050-00 | 5220-00 | 314.38 | |
Total Utilities and Security Costs Accruals: | 4,544.32 | |||||||
Per TB | 2,535.93 | |||||||
Variance | 2,008.00 |
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