BFP has provided a tool to assist units with both internal and external customers complete RBSA fiscal year-end transfers. This tool allows you to calculate or enter your annual revenue by customer type. Based on that information, it generates a draft journal to move any net gains/losses from external sales into a fund 78 account, leaving any gains/losses from internal sales in place, per OMB Circular A-87 guidance. This tool should be used in early July using data from the first or second close of the prior fiscal year. The journal should be posted for the prior fiscal year. Additionally, the tool may be used to ensure that revenue is booked on consistent and appropriate account codes.
July 8-16: Calculate and complete fiscal year-end transfers to reserve speedtypes