1050 - Financial Transaction Batching & Posting
Records relating to the batching and posting of financial transactions.
Records types include correspondence, journal vouchers, batch tickets, invoices, cancelled cheques, receipts, and forms.
non-OPR NOTE: Offices will retain non-OPR copies of records for: SO nil DE
|1050-00||Policy and procedures||SO||7y||DE|
(covers transfer of expenditures, central agency chargebacks, claim documents, and financial reporting systems)
(includes batched journal vouchers (JVs) and source documents)
NOTE: JVs are used to record internal transfers of money, sales of products and services to internal customers (e.g., chargeback and cost recovery transactions), and to make corrections to previously recorded transactions. They are used to update the general ledger and to a lesser extent subsidiary ledgers such as accounts payable.
NOTE: For administrative convenience, these records may be classified with other financial transaction batches under secondary -09.
|1050-09||Financial transaction batches
(covers batch control)
(includes batched invoices, receipts, payment requisitions, travel and business expense claims, cancelled cheques, and stop payment and cheque replacement forms, and supporting documentation such as signed bonds of indemnity)
NOTE: For administrative convenience, batched expense claims may be classified under this secondary rather than under 1240-20 or 925-20. Other accounts payable batches may be classified with all other accounts payable records under secondary 925-20.