Reporting

Intradepartmental balances reported for elimination must be the amounts which are in the Agency SGL Standard General Ledger accounts, in reciprocal accounts which are in the Agency SGL Standard General Ledger accounts, and in reciprocal accounts on the trading partner general ledger. All intradepartmental balances identified will be reported.

As a result of amounts reported by Agencies, ACFO-FS Associate Chief Financial Officer, Financial Systems combines and prepares summary elimination entries monthly. Agencies run these reports via ITRS and retain the reports, records, and certifications of intradepartmental transactions for audit purposes. They are required to retain ITRS reports in accordance with current Departmental guidelines.