WRITERS NOTE: this page is NEW to 2017 and needs review
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- In Accounting Center, in the left navigation pane, click Transactions > Expenses > Expense Reclass > Create Expense Reclass.
You see the Create Expense Reclass panel. - Complete the options in upper section of the Create Expense Reclass panel.
All fields, with the exception of the Ledger Notes field, are required. - For each expense account that you are reclassifying, complete the information in the grid at the bottom of the panel.
By default, you see two blank rows. Use this area of the panel to enter the expense account name, reclass amount, fee currency, and the direction of the reclass. - You can update additional accounts using the pane that appears on the bottom of the panel, as follows:
– Click the lower pane.
– Right-click and select Add Rows.
– Enter the number of rows you want to add in the Enter Rows Count dialog box and click OK. You need to add a row for each additional expense account you want to reclassify.
– Complete the fields on each row you added. - Click Submit.
Create Expense Reclass Panel Options
The following are the options in the Create Expense Reclass panel.
Option | Tag | Description |
|---|---|---|
Reclass Type | ||
| Reclass Type | 990 | Indicates whether the reclass applies to an expense account that affects the Balance Sheet or Income Statement. Options include:
|
| Entity Information | ||
Entity ID | 1163 | Specifies the entity identifier for the expense with an amount that you want to reclassify. |
Entity Name | 1164 | Specifies the entity name. |
Share Class | 34 | Specifies the share class of the expense wtih an amount that you want to reclassify. |
| Effective Date | 35 | Specifies the effective date for the reclass. |
| Accounting Date | 36 | Specifies the accounting date for the reclass. |
| Monthly Accounting Date | 4733 | Displays the month end accounting date. |
| Ledger Notes | 1308 | Allows you to define the reason for the reclass. |
Expense Account Name | 1624 | Specifies the name of the expense account with an amount that you want to reclassify. |
Amount | 903 | Specifies the amount that you want to reclassify for the corresponding expense account. |
| Fee Currency | 85 | Specifies the local currency for the expense you want to reclassify. |
Debit or Credit | 902 | Indicates the direction of the reclass for the corresponding amount. Options include:
|
List Expense Reclass Activity
In the List Expense Reclass Activity panel, you can view expense amounts reclassified between accounts for an entity.
To list expense reclass activity:
- In Accounting Center, in the left navigation pane, click Transactions > Expenses > Expense Reclass > List Expense Reclass Activity.
You see the List Expense Reclass Activity panel. - In the Entity ID, Entity Name, and Accounting Basis fields, specify the unique entity identifier, entity name, and accounting basis for the entity/basis with activity you want to view.
- In the Share Class field, specify the share class with activity you want to view.
Otherwise, leave the field blank to view activity for all share classes. - In the Ledger Account field, specify the account number of the expense account with activity you want to view.
Otherwise, leave the field blank to view activity for all expense accounts. - In the Query Based On list, select the type of date to use for selecting activity to view.
Options include:
- Accounting Date (Default)
- Post Date
- Month End Date - In the Report State Date and Report End Date, enter the beginning and ending date for activity you want to view.
- In the Security Information area, you can identify security information if you want to view activity for a specify security.
You can specify a value for the Cross Reference Type, Cross Reference ID, Issue Name, and/or Ticker fields. - Click Submit.
You see a row for each expense reclass entry that met your criteria in the Show All tab.