USSGLExplorer
298000 ⚖ Compare Normal balance: Credit Proprietary 2 · Liabilities

Custodial Liability

Definition

This account is used to record the amount of custodial revenue, as defined by Federal Accounting Standards Advisory Board (FASAB) Statement of Federal Financial Accounting Standards (SFFAS) No. 7, yet to be transferred to another entity. For amounts collected or to be collected on behalf of the General Fund of the U.S. Government, use Federal/Non- Federal Code attribute domain value "G" and Transaction Partner Agency Identifier attribute domain value "099." For all other amounts, use the appropriate attribute domain value. This USSGL account is included on the USSGL crosswalk for the Statement of Custodial Activity or on a custodial footnote. 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

11

For 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
Cust/Noncust
BulkFile attribute
S
Fed/Nonfed
BulkFile attribute
F G N
Trading Partner
BulkFile attribute
###
Trading Partner Main
BulkFile attribute
####
Fund Type
TAS attribute
CF DF EC EG EM EP ER ES ET GA MR TR UG US UT
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

6
C142 To record a contra-revenue in the amount of revenue collected for others and to establish a custodial liability.
Credit · Proprietary entry C404 To record contra-revenue in the amount of revenue accrued and establish a custodial liability.
Credit · Proprietary entry D308 To record a prior-period adjustment that reduces the value of a liability.
Debit · Proprietary entry D312 To record a prior-period adjustment that increases the value of a prior-year liability.
Credit · Proprietary entry D422 To record the reduction of custodial liability by the amount of estimated uncollectible exchange revenue with virtually no costs collected for others in a General Fund Receipt Account.
Debit · Proprietary entry F124 To record the closing of General Fund Receipt Accounts associated with fund balance at year-end.
Debit · Proprietary entry

Statement crosswalks

7
V Balance Sheet · line 25.3
Liability to the General Fund of the U.S. Government for custodial and other non-entity a… V Balance Sheet · line 25.4
Liability to agency other than the General Fund of the U.S. Government for custodial and … V Balance Sheet · line 37
Other liabilities (Notes 18, 19, and 20) V Statement of Custodial Activity · line 11
Transferred to Others (by Recipient) V Statement of Custodial Activity · line 11
Transferred to Others (by Recipient) V Statement of Custodial Activity · line 12
 V Statement of Custodial Activity · line 12