FAQ - Inter-Entity GL Entries for Subsidy Payment Batches

Was this page helpful? Click here and let us know!

 

When subsidy payments are received into one entity's cash account (usually a Management Company) instead of the individual communities' cash accounts, you can create Inter-Entity GL Entries for these Subsidy Payment Batches.

 

Inter-Entity GL Entries are only created for the 3 Subsidy Payment Batch Types:

Subsidy - HAP Request

Subsidy - USDA

Subsidy - Non-HAP

 

When the settings described below are made, the GL Entry for the community will be to debit a Due From Management Co GL Account and to credit the Receivable GL Account.  A second GL Entry will be created for the Management Company that will debit the Cash GL Account and credit a Due To Community GL Account.  The GL Entries for the Management Company will display on the Accounting Detail > General Ledger tab no matter which Community is set in context.

 

  1. System Administration > Accounting Setup - GL Account Setup

  2. System Administration > Accounting Setup - Charge Type Setup - For Subsidy - HAP Request and Subsidy - USDA Payment Batch Types Only

  1. System Administration > Maintain Lookup Tables - Vouchers - For Subsidy - Non-HAP (Outside Vouchers) Batch Type Only

  1. System Administration > Accounting Setup - Charge Type Setup - For all Subsidy Payment Batch Types

  1. System Administration > Accounting Setup - Export Information Setup