FTAR Instructions for Internal Sales of Goods or Services
Debits and credits to Internal Sales/Expense accounts must always net to zero, so they can be eliminated from the audited financial statements. Internal Sales/Expense accounts may not be used with Agency (9xxxx) funds, as these funds represent outside agencies.
Enter the departments that will be charged for the service. Attach scans / emails or other authorizing documents electronically with Journal submission.
Internal Expense Accounts:
Account 7494: Sales Expense-Internal
Account 7495: Rental Expense-Internal
Account 7496: Miscellaneous Expense-Internal
Enter the departments that will be credited for providing the service.
Internal Income Accounts:
Account 5894: Sales Income-Internal
Account 5895: Rental Income-Internal
Account 5896: Miscellaneous Income-Internal