Other Related Materials
Review the below other materials related to account stale and negative balances:
Template: Year-End Transfer of Funds (YETF) Import Template
Download this template to import data related to a YETF document into KFS.
Template: Year-End Distribution of Income/Expense (YEDI) Import Template
Download this template to import data related to a YEDI document into KFS.
Template: Year-End General Accounting Adjustment (YEGEC) Import Template
Download this template to import data related to a YEGEC document into KFS.
Template: Stale-Negative Balance Template
Click the above link to download the stale-negative balance template. The template includes a list of required procedures within the template instructions.
Reference Document: Account Stale and Negative Balances Explanation Examples
Click the above link to download a reference document that details examples of appropriate explanations for account stale and negative balances. When reviewing stale and negative account balances, if an adjusting journal entry is not required, then a resolution plan or an explanation for the stale or negative balance is necessary. A proper explanation must provide details answering the questions who, what, when, where, and why the stale or negative balance occurred and has not been reconciled prior to the closing period.
Reference Document: Negative Cash Requirements Matrix
Click the above link to download a copy of the negative cash requirements matrix. This reference document outlines guidance for negative cash account balances by fund group.