BARS Cost Recovery
The
Washington State Auditor's Office (SAO) requires "Cost Recovery"
transactions to be recorded as revenue, yet the local agency wants to show
them as a reduction in expenses for budget tracking purposes. To satisfy
both requirements:
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There is a special
transaction type named "CostRecovery". It allows the
recording of a transaction as both an increase to revenue and a decrease to
expenses. |
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Reporting options control the inclusion of the Cost Recovery transactions depending on the use of the report: |
"Agency Option" includes them in expenses
"State Option" includes them in revenue
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