Quarter-end Procedures - Date: 2021-08-03
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Accounting Manual
Date: 2021-08-03
Appendix B
2021-22
General Revenue Fund
Quarter-end Procedures
Ministry of Finance, Provincial Comptroller’s OfficeGeneral Revenue Fund
Quarter-end Procedures
Table of Contents
Introduction ................................................................................................................................. 1
Recording Accrual Adjustments in MIDAS ......................................................................... 3
Program Segment .................................................................................................................. 3
Natural Account Segment.................................................................................................... 4
Recording Accrual Adjustment Journal Entries............................................................ 4
Public Sector Budgeting ...................................................................................................... 6
Determining Amounts of Accrual Adjustments ................................................................. 6
Revenues .................................................................................................................................. 6
Expenses .................................................................................................................................. 7
Salaries and Benefits ........................................................................................................... 7
Goods and Services ............................................................................................................ 8
Travel ..................................................................................................................................... 9
Amortization .......................................................................................................................... 9
Other .......................................................................................................................................... 9
Revolving Funds ................................................................................................................... 9
Prepaid Expenses .............................................................................................................. 10
Year-end Accounts Receivable........................................................................................ 10
Tangible Capital Assets .................................................................................................... 10
Year-end Accounts Payable ............................................................................................. 10
Unearned Revenue ............................................................................................................ 10
Interdepartmental Clearing and Refund to Vote Clearing Accounts .......................... 11
Appendix A - MIDAS Accounts Payable Processes ....................................................... 12
Appendix B - Natural Accounts ............................................................................................ 16Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 1
Introduction
Revenue and expense transactions of the General Revenue Fund (GRF) are reported in
an income statement (Statement of Operations) at the end of each quarter (June 30,
September 30 and December 31). These GRF Quarter-end Procedures set out the
requirements of ministries at the end of each quarter. At the end of each fiscal year
(March 31) GRF financial information is prepared by the Ministry of Finance and is a
significant component of the Summary Financial Statements which are audited by the
Provincial Auditor and published in Volume 1 of the Public Accounts. GRF Year End
Procedures and Schedules that set out year-end processes and requirements for
reporting at year end are provided to ministries separately.
During the year, ministries typically record revenues and expenses as cash is received
or paid. This is described as cash accounting.
Ministries are required to record revenues earned and expenses incurred during the
quarter (year to date). This is described as accrual accounting.
At the end of each quarter, ministries are required to review their transactions to identify
where cash accounting differs from accrual accounting by more than $1 million per
revenue stream or program 1 expense (year to date). For these items, ministries are
required to record an accrual adjustment in MIDAS by the end of the quarter.
Items to be reviewed include the following. Further guidance is provided later in these
procedures under the heading Determining Amounts of Accrual Adjustments.
Revenues
• Provision of goods or services by the end of the period for which revenue has not
been recorded
• Transfers (i.e. grants) receivable from others which have been authorized by the
transferor and for which the Province has met eligibility criteria (if any), unless the
transfer gives rise to an obligation that meets the definition of a liability
Expenses
• Goods and services received by the end of the quarter for which expenses have not
been recorded
• Transfers (i.e. grants) authorized by the end of the quarter for which eligibility criteria
(if any) have been met by the recipient
Refer to the Government Transfers Application Guidance in Appendix E of the
Accounting Manual for more details and guidance on transfers.
1Program refers to the allocations in each subvote as presented in the 2021-22 Estimates. Ministries may
have chosen to create additional programs in MIDAS to further segregate expenses.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 2
There are key differences between the preparation of quarterly financial information and
the process for preparing year-end financial information:
• The quarterly information is income statement focused. Ministries are to focus on
revenues and expenses for the period, which means that accrual of tangible
capital asset (TCA) additions is not required, except for TCA additions invoiced
by the Ministry of SaskBuilds and Procurement (SBP) (see below) and recording
the estimated completion costs for TCA additions arising from Public Private
Partnership (P3) arrangements (refer to Accounting Manual section 2400 Public
Private Partnerships (P3s));
• Quarterly information entered in MIDAS does not require supplier detail, which
allows the accrual adjustments to be made in the MIDAS General Ledger
module;
• Ministries are not required to submit cut-off schedules to Finance; and
• Although the quarterly information is expected to be reasonable enough to be
useful, it will not be audited, and therefore requires less precision than is required
at year end.
All expenditures recorded in MIDAS, including accrual adjustments recorded at quarter
end, are subject to spending controls. That is, expenditures are to be recorded to a
suitable appropriation, as required by The Financial Administration Act, 1993. Ministries
will need to monitor spending limits to ensure that any required virements or transfers
are processed in time to ensure accrual adjustments can be recorded. Note that
virements require approval by the Treasury Board Branch of the Ministry of Finance.
Ministries wishing for more precision than a $1 million threshold would provide are
welcome to record an accrual adjustment for items below the threshold. As well,
ministries may choose to accrue revenues and expenses on a more frequent basis than
at quarter end.
Transactions between SBP and all other ministries are, cumulatively, significant to the
GRF. For this reason, ministries are required to accrue all amounts for TCA additions
and goods and services invoiced by SBP that have not yet been recorded. This means
that, for accrual adjustments pertaining to goods and services provided by SBP, the
$1 million threshold does not apply. A process has been established for SBP to provide
ministries with estimates of unbilled amounts. Refer to the detailed information provided
under the SaskBuilds and Procurement heading in the Goods and Services section of
Determining Amounts of Accrual Adjustments.
Each ministry is responsible for ensuring that amounts recorded in MIDAS appropriately
reflect revenues earned and expenses incurred to the end of the quarter. While there
has been a shift in focus to a Summary basis, it is still important to ensure that accruals
for GRF revenues and expenses are appropriately recorded in MIDAS each quarter
end, for the management of ministry finances and forecasting purposes.
Ministries may wish to create quarter-end accrual checklists and specific procedures for
use within their ministry. Ministries may also wish to consider implementing an earlierProvince of Saskatchewan: Quarter-end Procedures 2021-22 Page 3
internal cut-off date or time for accruals to allow time to perform an analytical review of
the ministry’s revenues and expenses recorded in MIDAS each quarter end, and to
identify and make any necessary adjustments in MIDAS by 5:00 p.m. on the last day of
the quarter.
The quarterly GRF financial statements include quarterly budget figures based on
budget allocations provided by ministries to the Financial Systems Branch (MIDAS
Helpdesk). It is important that careful consideration be given when determining the
quarterly budget allocations as these are used as a comparison to the actual GRF
revenues and expenses at each quarter end.
Recording Accrual Adjustments in MIDAS
Accrual adjustments required at quarter end are to be recorded using MIDAS Journal
Entries. It is expected that ministries will use reversing journal entries for quarter-end
accrual adjustments (see detailed process in the Recording Accrual Adjustment Journal
Entries section below). The entry of accrual adjustments at quarter end and the reversal
of those entries at the beginning of the new quarter allow ministries to continue with the
normal processing of receipts and payments during the year.
Quarter-end accrual adjustments must be entered by 5:00 p.m. on the last working day
of the quarter (for 2021-22: June 30, 2021; September 30, 2021 and December 31,
2021). The MIDAS General Ledger Module will remain open until 5:00 p.m. on the last
working day of each quarter, allowing ministries to record accrual adjustments until the
end of the day. Other modules will continue to close at noon.
Accrual adjustments recorded in MIDAS are estimates of actuals. This is no different
than estimates recorded at year end. As such, all expenditure amounts recorded are
subject to spending control.
Ministries should consider whether transactions should be recorded at quarter end
using normal processes rather than recording a quarterly accrual by journal entry that
will be reversed. Examples of transactions that should be recorded using normal
processes include:
• transfers expense where the recipient is known, the transfer has been authorized
and eligibility criteria have been met; and
• amortization expense.
Program Segment
All accrual adjustments must be recorded to an appropriate subvote.
Recording an expenditure to a suitable appropriation (or appropriate subvote) means
that expenditures are charged to a subvote that, by its description, allows for the
expenditure. Subvotes, including descriptions that establish their purpose, are approved
through the estimates process.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 4
Ministries may choose to record accrual adjustments to existing programs and
subprograms. Alternatively, to minimize the coding required for accrual adjustment
entries, ministries may wish to create new programs or subprograms.
Note that all new subprograms must be approved by the Treasury Board Branch of the
Ministry of Finance.
It is important to monitor spending limits remaining in each subprogram and program to
ensure that any required virements or transfers are requested, if necessary, and
processed in time to allow the recording of accrual adjustments to expenditure
accounts.
Natural Account Segment
Ministries are to use specific natural accounts created for accrual adjustments at quarter
end for the following reasons:
• To allow recording of expenditures by journal entry (since no supplier information is
required); and
• To enable, for reporting and inquiry purposes, segregation of accrual amounts (i.e.,
to separate from normal day to day transactions), by using a specific range of
accounts.
The natural accounts for recording accrual adjustments at quarter end are not to be
used at year end. The balance in each of these natural accounts must be zero at
March 31.
Recording Accrual Adjustment Journal Entries
Accrual adjustments are to be entered by the last working day of the quarter end (the
GL module will close at 5:00 p.m.). Ministries may choose to have most 2 of these
entries reversed at the beginning of the next quarter.
For all accrual adjustments that will be reversed at the beginning of the next quarter the
following process has been established to automate the reversal of the journal entries:
To create a quarter-end accrual adjustment journal entry:
Oracle General Ledger
Journals > Enter > New Journal
• Journal name (prefix): xxx-QA2019-3
• Journal category: Quarterly accrual
Complete Journal entry header information and create journal entry lines.
2 Amortization should not be reversed. Refer to the Amortization section under Determining Amounts of
Accrual Adjustments in these Procedures) for more information.
3 For the Journal name (prefix), xxx refers to the vote or entity number. As well, Ministries can assign
additional information to the journal name after the required prefix.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 5
To create the reversing journal entry:
Once the original entry has been POSTED, open the journal and press the reverse
button:
B > Reverse
Enter the reversal instructions:
• Period: Enter the period in which the reversing journal should be posted, or
choose it from the list of values. This should always be the period immediately
subsequent to the quarter end (July, October or January).
• Method: Choose Change Sign. General Ledger creates the reversing journal by
changing the sign on the debit and credit amounts of the original journal entry.
This method is generally used when reversing accrual adjustments as it allows
for easy identification and summing of reversals upon viewing/exporting journals.
• Status: This is a display only field that will indicate whether the journal is
available to be reversed, or whether it has already been reversed.
Note: You are not able to edit the Batch/Journal names on the reversing entries. The
system generated name continues to be the original journal name in quotations
preceded by the word Reverses.
Review and post the journal entry.
This process creates two journal entries at once:
• The accrual adjustment journal entry (original entry) which is posted immediately;
and
• The entry to reverse the original entry in the next period, which is posted by FSB.
The Financial Systems Branch will, upon closing the quarter-end period and opening
the next period (for 2021-22: July 2021, October 2021 and January 2022), identify and
post journals that have been created using this process, reconciling to ensure that all
‘temporary’ accrual accounts have cleared with the posting of the reversing entries.
Refer to MIDAS Online Help for detailed procedures on reversing journal entries
(MIDAS Desk Manual: Originator, Processing Reversals).
As well, use of recurring journal entries may be beneficial to ministries where the same
type of accrual adjustment is required each quarter and only a few of the details change
from quarter to quarter (e.g., accrual of in-scope salaries).
Refer to MIDAS Online Help for detailed procedures on recurring journal entries (MIDAS
Desk Manual: Originator, Processing Recurring Journals).
For additional assistance with MIDAS, contact the MIDAS Help Desk at 306-798-9999
or mhd@gov.sk.ca.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 6
Public Sector Budgeting
MIDAS Public Sector Budgeting (PSB) will include accrual adjustments recorded at
quarter end. That is, account code combinations for the accrued revenue and accrued
expenses natural accounts will contain actual values. However, future forecasting for
these account code combinations is not necessary, and ministries should forecast -nil-
balances for each accrued revenue and accrued expense account. Forecasting should
occur at the specific account codes.
Determining Amounts of Accrual Adjustments
Ministries are responsible for ensuring that the appropriate amount of revenue and
expenses are recorded in their Vote. The following procedures provide general
guidance on recording revenues earned and expenses incurred by the GRF. The GRF
uses accounting guidance for senior governments in Canada provided by the Public
Sector Accounting Board of the Chartered Professional Accountants of Canada. Further
accounting guidance can be found in the Accounting Manual.
These procedures speak in general to the need for ministries to record accruals.
However, for each revenue stream or program expense, ministries will need to assess
whether the adjustment is necessary with respect to the $1 million threshold.
For each type of revenue and expense described below, MIDAS natural accounts set up
exclusively for quarterly reporting have been provided. As well, MIDAS natural accounts
have been set up to record the offsetting debits or credits. The following accounts
should be used as offsets to revenue or expense when recording accruals:
Revenue accruals:
#107600 - Accrued Accounts Receivable - General
#257200 - Accrued Unearned Revenue
Expense accruals:
#255005 - Accrued Accounts Payable - General
#105200 - Accrued Prepaid Expenses
Further information on Unearned Revenue and Prepaid Expenses is provided under the
Other heading in this section.
Revenues
Refer to the Accounting Manual sections 3000 Revenue, 3010 Taxation Revenue and
3200 Government Transfers subsections C2 Quarter end for procedures.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 7
Expenses
Refer to the Accounting Manual sections 3300 Expense and 3200 Government
Transfers subsections C2 Quarter end for procedures.
Salaries and Benefits
Ministries incur salaries and benefits expenses when employees provide employment
services (typically, this would be when they work). There may also be some situations
where expenses could occur for employees when they are not physically at work. This
would be based on eligibility outlined in the HR Manual, Collective Bargaining
Agreements, The Public Service Act, 1998 and The Public Service Regulations, 1999,
and/or other provincial and federal legislation. Salaries and benefits expenses are
recorded in MIDAS in the period that the payment is made (on the pay date).
M1 employees are paid for the month at the end of the month, and therefore, the
expense is already recorded in the appropriate period. For B1 and B2 employees there
is a “lag” time between the pay period (time worked) and pay date, which means that
some services have been provided at quarter end, but will be recorded in MIDAS in the
subsequent period. At the end of each quarter, an adjustment is required to accrue
expenses for unpaid days.
B1 and B2 employees are typically paid on the 6th day after the end of the pay period.
For B1 and B2 employees in 2021-22, the pay period of June 20th to July 3rd has a pay
date of July 9th. That means at the end of the first quarter (June 30th) there are 11
calendar days (June 20th to 30th) on which B1 and B2 employees may have worked for
which they have not yet been paid.
For 2021-22, salaries and benefits for the following number of calendar days may
require accrual in the specified month:
# of calendar days
to be accrued
Month B1 B2
June 2021 11 11
September 2021 19 19
December 2021 13 13
Salaries and benefits are normally recorded to the 51**** series of natural accounts. For
quarterly reporting, accrual adjustments of Salaries and Benefits should be coded to
account #587510 - Accrued Expenses - Salaries and Benefits.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 8
Accrued employee leave entitlement
Accrual adjustments for employees’ vacation and other leave entitlements should not be
updated in each quarter. These fluctuations during the year have little meaning in the
presentation of “how the Government is doing to date”.
Goods and Services
Expenses are incurred by the government when goods are received and services are
provided. Accrual adjustments may be required where goods have been received by the
government, or services have been provided to the government before the end of the
quarter, but no invoice is yet recorded in MIDAS.
Goods and services are normally recorded to numerous natural accounts. Accrual
adjustments of goods and services should be coded at quarter end to one of the
following accounts:
587520 - Accrued Expenses - Goods and Services
587521 - Accrued Expenses - Utility costs
587522 - Accrued Expenses - P-cards
587523 - Accrued Expenses - Construction Costs
Note that the italicized codes are detailed codes under the general “goods and services”
code. Ministries have the discretion of using a detailed code or the general code.
Shared Services
For shared service arrangements, the Ministry receiving the service should record an
expense in the period the service is provided, and the providing Ministry should record a
corresponding reimbursement. Ministries will need to coordinate their efforts to ensure
interministerial clearing accounts are cleared prior to quarter end.
Reimbursements are normally recorded to the 586*** series of natural accounts. For
quarterly reporting, accrual adjustments of internal recoveries should be coded to
account #586900 - Accrued Internal recoveries.
Refer to FAM Section 3007, Shared Services for detailed information.
Information on clearing accounts is provided under the heading Other below.
Most ministries have shared service arrangements with the Ministry of SaskBuilds and
Procurement. Ministries are to use the following processes for goods and services
provided by this Ministry.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 9 SaskBuilds and Procurement (SBP) invoices All SBP invoices relating to goods or services received during the quarter (or year to date) will be entered in Markview prior to quarter end. Ministries are responsible for ensuring that these invoices are approved and validated in Markview prior to quarter end. For transactions that have not yet been billed at quarter end, SBP will provide an estimate of the outstanding TCA additions and goods and services amounts to ministries. The Executive Directors / Directors of Administration will receive the estimate(s) at least three (3) working days prior to close of MIDAS for the quarter. This should ensure the receiving ministries have enough time to record the accrual adjustment. Accrual adjustments may also be required where SBP invoices have not been validated in Markview prior to quarter end. Refer to the detailed information for recording accruals for TCA additions provided under the Tangible Capital Assets heading in the Other section. All SBP invoices, including those relating to the Information Technology Division, require accrual (i.e., the threshold does not apply) due to the significant impact of SBP transactions across government. Travel Travel expenses are incurred by the Government when the good or service is provided. Ministries should accrue estimated travel expenses incurred by employees and officials, but not yet paid. Travel expenses are normally recorded to the 54**** series of natural accounts. Accrual adjustments of travel expense should be coded to account #587540 - Accrued Expenses - Travel. Amortization Ministries should record amortization in each quarter using the guidance set out in the Accounting Manual section 1300 Tangible Capital Assets subsection C2 Quarter end. Other Revolving Funds Subsidies provided by ministries to Revolving Funds must be recorded in MIDAS by both the Ministry (as expense) and the Revolving Fund (as revenue) in the same period.
Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 10 Prepaid Expenses Ministries should prepaid expenses using the guidance set out in the Accounting Manual section 1320 Prepaid Expenses subsection C2 Quarter end. Year-end Accounts Receivable Ministries should adjust year-end accounts receivables using the guidance set out in the Accounting Manual section 1200 Accounts Receivable subsection C2 Quarter end. Tangible Capital Assets (TCAs) Ministries should accrue TCA acquisitions in account 199900 – Accrued Capital Assets – Current Year Additions using the guidance set out in the Accounting Manual section 1300 Tangible Capital Assets subsection C2 Quarter end. Year-end Accounts Payable Account 255099 contains uncleared payables set up at year end (see GRF 2019-20 Year End Procedures and Schedules, F2a#3). When the related invoices are received throughout the year, ministries are to use the MIDAS Accounts Payable module for payment processing. However, the payment is debited to account 255099 rather than an expense account. This process is important in ensuring that only expenses incurred in the quarter get recorded as an expense in the quarter. Where ministries have chosen to adjust account 255099 only at year end, it is important that 255099 be reviewed at quarter end, and any required accrual adjustments made. Unearned Revenue Unearned revenue consists of amounts received by the Ministry that have not yet been earned. Refer to the Accounting Manual section 3000 Revenue for guidance on determining when revenue is earned. The balance of revenue received by the end of the quarter, where goods and services will not be provided by the Ministry until a subsequent quarter, should be recorded as unearned revenue at the quarter end. Examples of unearned revenue include the proceeds from annual or multi-year licenses and other licenses and fees received in advance. The portion of the revenue that relates to a subsequent quarter is recorded as unearned revenue in account 257200 – Accrued Unearned Revenues. This process is important in ensuring that only revenues earned in the quarter get recorded as revenue in the quarter.
Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 11 Amounts recorded in account 257020 – Unapplied Receipts should be reviewed at quarter end to ensure receipts are appropriately matched to receivables and cleared out of the account. Interministerial Clearing and Refund to Vote Clearing Accounts Interministerial and refund to vote clearing accounts should be monitored and reconciled on a monthly basis and reasonable efforts should be made to clear these accounts to zero for the quarter end. 4 Ministries will need to ensure that when the purchase of goods and services or the provision of transfers is under a shared arrangement that an appropriate amount of time is provided to the receiving Ministry to make an accrual. 4With the exception of #253022 – Payroll Refund to Vote – Clearing Account. This account may include amounts that will be processed in the next payroll run.
Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 12
Appendix A
MIDAS Accounts Payable Processes
Expensing Transfer Payments
Ministries need to review the authority for making specific grant payments (e.g.,
legislation, agreement, contract) to assess the appropriate timing of the transfer
expense. The invoice processing should be reviewed to ensure that the transfer is
expensed in the proper period in MIDAS.
In MIDAS, the timing of the expense (i.e., the period in the General Ledger Module that
the expense is posted) is driven by the GL Date, which is populated by the Goods and
Services Received Date. For example, if the Goods and Services Received Date (GSR)
is entered as September 15, 2021, the GL date will automatically be September 15,
2021 and the expense will be recorded in the General Ledger module of MIDAS in the
September 2021 period.
Validating an invoice immediately encumbers the ministry’s appropriation. This is not
the same as recording an expense. Ministries need to ensure expenses are recorded in
the appropriate period.
To Record Expense Prior to Payment Being Made
The following example shows how invoice entry can be used to ensure the proper
accounting happens in the General Ledger:
A $32,000 grant to an organization is authorized by Order in Council and approved
by the delegated signing authority at the beginning of the fiscal year. The agreement
requires that the grant be paid in quarterly installments to the organization.
An invoice needs to be entered for each payment. Because the expense must occur
in the first quarter (all approvals have occurred), the invoices need to be entered and
posted to the GL in the first quarter.
The following invoices were entered June 20, 2006 after the full year’s budget was
available.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 13
To ensure that each invoice is expensed in June 2006, the GL Date must be in June
2006 (see third column from left).
To ensure the payments are made on the appropriate dates, ministries have two
entry options:
• Preferred option: change the Terms Date to the intended payment date (see third
column from right) and the Terms to Immediate. This option is preferred because
the adjusted payment date is shown on the invoice entry screen, and the
information is readily available during invoice inquiry.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 14
• Second option: the payment date for each invoice can be changed using the
Scheduled Payments button (do not schedule more than 1 payment per invoice
amount).
After invoices are validated and MIDAS processing is complete, the General Ledger
module will be updated.
The following MIDAS General Ledger screen shows that the full $32,000 expense
has been appropriately recorded in June 2006:
Ministries are able to monitor outstanding invoices using the Invoice Register:Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 15
To Record Expense as Payments are Made
Some grants may need to be expensed when payment is made during the year; that is,
full authorization does not happen until a delegated signing authority has approved the
amount for payment. This may be once in a year, or quarterly, or monthly. It is important
for ministries to ensure that the process used to initiate payment also records the
expense in MIDAS in the appropriate period.
GL Date on the invoice is the “trigger” for expense recording, and should not be
changed. This also includes the GL Date within Accounting Distributions.
Date of Authorization Goods and Services
= = GL Date
and Recipient Eligibility Received Date
It is important, when entering invoices, to remember that expenses cannot be back
dated. That is, any invoices that should be expensed in a period must be entered and
validated in that period.
Option to Accrue
If it does not seem appropriate, or would require additional work to align payment
processes with timing of expense, ministries still have the option to accrue transfers
expense by journal entry at the end of each quarter.Province of Saskatchewan: Quarter-end Procedures 2021-22 Page 16
Appendix B
Natural Accounts
Quarter-end Accrual Adjustments
The following natural accounts have been established to record accrual adjustments.
These accounts must not be used at year end (i.e., must have zero balances at
March 31).
Natural
Account # Description
Revenue
498101 Accrued Revenue - Corporation Capital Tax
498104 Accrued Revenue - Fuel Tax
498105 Accrued Revenue - Liquor Tax
498106 Accrued Revenue - PST
498107 Accrued Revenue - Tobacco Tax
498108 Accrued Revenue - Insurance Premium Taxes
Accrued Revenue - Drivers’ Licences, Registrations and
498109 Permits
498110 Accrued Revenue - Mineral Rights Tax
498111 Accrued Revenue – Property Tax
498120 Accrued Revenue - Non-renewable resources
498121 Accrued Revenue - Natural gas
498122 Accrued Revenue - Oil
498123 Accrued Revenue - Potash
498124 Accrued Revenue - Uranium
498125 Accrued Revenue - Sodium Sulphate
498126 Accrued Revenue - Coal
498128 Accrued Revenue - Resource Surcharge
498140 Accrued Revenue - Transfers from other government entities
Accrued Revenue - Transfers from Liquor and Gaming
498141 Authority
498160 Accrued Revenue - Miscellaneous
498162 Accrued Revenue – Other fees and charges
498165 Accrued Revenue – Investment income
498180 Accrued Revenue - Transfers from the federal governmentProvince of Saskatchewan: Quarter-end Procedures 2021-22 Page 17
Expense
586900 Accrued Internal Recoveries
587510 Accrued Expenses - Salaries and Benefits
587520 Accrued Expenses - Goods and Services
587521 Accrued Expenses - Utility costs
587522 Accrued Expenses - P-cards
587523 Accrued Expenses - Construction costs
587540 Accrued Expenses - Travel
587560 Accrued Expenses - Capital transfers
587570 Accrued Expenses - Operating transfers
587580 Accrued Expenses - Other expenses
Balance sheet (to offset revenue/expense recording)
105200 Accrued Prepaid Expenses
107600 Accrued Accounts Receivable - General
199900 Accrued Capital Assets - Current Year Additions
255005 Accrued Accounts Payable - General
257200 Accrued Unearned RevenueYou can also read
