1. Flock Status!

2. Agenda Accrual Accounting Webinar Managing Section 8 in TAR
Correcting Data
What do we need from you by next Flock Call?

3. Accrual Accounting Webinar
On the Migration Website we encourage the Housing and Accounting staff to watch the Accrual Accounting Webinar.
During next flock call we can take a few minutes to answer any questions that you may have regarding the Accrual Accounting.

4. Managing Section 8 in TAR
GL Account Mapping
Need to create in General Ledger Liability Account #’s for each S8 Project
New Liability Accounts will be added to HAP Account in TAR after migration
After Initialization
CASH ACCOUNT
A/P (ACCRUAL) Account
EXPENSE ACCOUNT
ADMIN FEE ACCOUNT
Debit
Credit
18,616.00
111.69
After Check Processing
CASH ACCOUNT
A/P (ACCRUAL) Account
EXPENSE ACCOUNT
ADMIN FEE ACCOUNT
Debit
Credit
18,616.00

5. What do we need from you? Check Formats (S8 only)
Signatures – where are they? (S8 only)
Liability Account – HAP
Liability Account – URP
Liability Account – Admin Fees
Liability Account – Port In
A/R for the Payments from your initial receiving PHA
AND….other homework assignments from previous calls
Notes:
Multiple liability accounts are expected.
Multiple expense accounts are needed if you have multiple S8 programs.
We will need to know the revenue account for Admin Fees associated with incoming ports

6. Thank you for joining us today!