1. Schedule I - Accounts Payable / Other Liability
FY 2018 YEAR-END TRAINING
Schedule I - Accounts Payable / Other Liability
Presenter: Mary Yip
Auditor-Controller’s Office
2018 Year End Training – Chapter 5

2. Schedule I – Accounts Payable / Other Liability
Transaction Type
Requirements
Supporting Documents
Wire Transfer Payments
Accrued Liabilities By Estimate Only
Goods or services must be received as of June 30 but no payment until new fiscal year
Threshold: $5,000 and greater
Schedule I
Journal Entry (Accrual & Reversal)
Invoice, Wire Transfer Form, Contract, Form 11, Written Agreement
2018 Year End Training – Chapter 5

3. Schedule I – Accounts Payable / Other Liability
Scenario:
The Example Department owes $135,525 to Pacific Care Medical Group for medical service claims incurred during the Week of 6/25/ The wire transfer is prepared from the General Fund according to the payment instruction and submitted to County Treasurer for processing on 7/5/18.
2018 Year End Training – Chapter 5

4. Schedule I – Accounts Payable / Other Liability
2018 Year End Training – Chapter 5

5. Schedule I – Accrual Journal Entry
2018 Year End Training – Chapter 5

6. Schedule I – Reversal Journal Entry
2018 Year End Training – Chapter 5

7. Schedule I – Accounts Payable / Other Liability
Mail Schedule I and Supporting Documents to
ACO Year-End
Mail Stop #1050
Questions?
Submit them by to
2017 Year End Training – Chapter 5 7