In our recent financial audit, we were surprised by unassigned funds in the "Other" account. Upon further investigation we found that since our transition to CUBS we are now getting back the interest on those accounts, and it is recorded in our non-categorized "Other" account. It's usually less than $1.00/month.
How should this interest money be accounted for so that we remain compliant with the direction to have no unassigned funds in the Other account?
Interest to Other Accounts
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klkamper
- New Member
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- Joined: Mon Sep 14, 2009 1:21 pm
- Location: McMinnville, OR, US
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russellhltn
- Community Administrator
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- Joined: Sat Jan 20, 2007 2:53 pm
- Location: U.S.
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