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Correct Transaction

FTAR Instructions for Correcting an Expense or Revenue Transaction

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PURPOSE 

Make corrections to expense or revenue transactions that have already been processed and are reflected on financial reports.

DEBIT 

Move Expense to a New Accounting Distribution (Account / Fund / Department / Program / Activity / Class) or Move Revenue from the Accounting Distribution from where it was originally booked in the financial system (Accounting distribution must be identical to original transaction).  Requires Authorized Approver signoff by the Department debited / charged.

CREDIT 

Move Expense from where it was originally booked in the financial system (Accounting distribution must be identical to original transaction) or Move Revenue to new Accounting Distribution.