JOURNAL ENTRIES

Effective Date
July 1989
Last Revision Date
August 2017
Policy Owner
VP fro Administrative Services

1. Policy & Purpose

The accounting system of the College requires the use of journal entries. Journal entries shall be made in accordance with College procedures.

Last Review Date: December 2025

History
Adopted July 19, 1989 
Revised May 25, 2000 
Reformatted April 19, 2010 
Revised June 13, 2013 
Revised August 10, 2017 
Reformatted December 10, 2020 
Reviewed December 2025

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Procedure 3130H

JOURNAL ENTRIES

Effective Date
July 1989
Last Revision Date
December 2025 
Procedure Owner
VP of Administrative Services

1. Procedure

The accounting system of the College requires the use of journal entries. Most entries are computer generated and occur with each transaction, such as payments to vendors, receipt of revenues, fixed asset additions, depreciation expense, etc. 

Some journal entries are recorded manually. All manual journal entries shall be entered by the Associate Vice President of Finance or an individual authorized by the Associate Vice President of Finance, or the Vice President of Administrative Services. 

Last Review Date: December 2025

History
Adopted July 19, 1989
Revised May 25, 2000
Reformatted April 19, 2010
Revised June 13, 2013
Revised August 10, 2017
Reformatted December 10, 2020
Revised December 11, 2025