Liability for Clearing Accounts
Definition
This account is used to record the amount that offsets collections deposited in clearing accounts awaiting disposition or reclassification. This account does not close at year-end.
Year-end: This account does not close at year-end.
Source: Section II ·
p1sec2-acctdef-2026.pdf
Required attributes & legal values
8For each attribute this account reports, these are the only domain values GTAS will accept for this account (Section IV).
Begin/End
BulkFile attribute
B
E
Debit/Credit
BulkFile attribute
D
C
Fed/Nonfed
BulkFile attribute
N
Z
Fund Type
TAS attribute
CF
Reporting Type Code
TAS attribute
E
F
U
Financing Account Code
TAS attribute
D
G
N
TAS Status
TAS attribute
U
E
Trans Code
TAS attribute
X
N
Transactions
3
A221
To record the reclassification of custodial collections received to a deferred revenue or liability for clearing account. These collections will be recognized as revenue at a future date.
Credit · Proprietary entry C111 To record collections in clearing account Treasury Account Symbols (TASs.)
Credit · Proprietary entry D507 To record the classification of amounts from clearing accounts to the appropriate Treasury Appropriation Fund Symbol (TAFS).
Debit · Proprietary entry
Credit · Proprietary entry C111 To record collections in clearing account Treasury Account Symbols (TASs.)
Credit · Proprietary entry D507 To record the classification of amounts from clearing accounts to the appropriate Treasury Appropriation Fund Symbol (TAFS).
Debit · Proprietary entry