Interest to Other Accounts

2 postsstarted by klkamper 2011-09-27 04:11 UTC808 viewsoriginal topic

New Member

#1
2011-09-27 04:11 UTC

In our recent financial audit, we were surprised by unassigned funds in the "Other" account. Upon further investigation we found that since our transition to CUBS we are now getting back the interest on those accounts, and it is recorded in our non-categorized "Other" account. It's usually less than $1.00/month.

How should this interest money be accounted for so that we remain compliant with the direction to have no unassigned funds in the Other account?

russellhltn

Community Administrator

#2
2011-09-27 04:22 UTC

You can read the discussion on that here, here and here.

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