Bulletin 2023-02 December IRC Handout

Account Title: Accrual of Amounts Receivable from Custodian or Non-Entity Assets Receivable – Contra Account

Account Number: 571400

Normal Balance: Debit

Definition: This account is used to record an offset to USSGL account 571300 Accrual of Amounts Receivable from Custodian or Non-Entity Assets 

Receivable from a Federal Agency - Other Than the General Fund of the U.S. Government. It is intended to allow the recipient entity to reclassify the 

collection receipt as a liability. This account may only be used for custodial collections to be received for Credit Reform activity.

Justification: This USSGL account is needed to allow recipient entities to correctly classify the recognition of revenue from a custodial collection for 

Credit Reform activity.

Account Title: Offset to Accrual of Amounts Receivable from Custodian or Non-Entity Assets Receivable – Contra Account

Account Number: 599900

Normal Balance: Debit

Definition: This account is used to record an offset to USSGL account 571400 Accrual of Amounts Receivable from Custodian or Non-Entity Assets 

Receivable – Contra Account. It is intended to allow the recipient entity to offset the contra collection receipt. This account may only be used for 

custodial collections to be received for Credit Reform activity.

Justification: This USSGL account is needed to allow the proper offset to USSGL account 571400 for Credit Reform related custodial collections.
Bulletin 2023-02 December IRC Handout

Attribute Table Additions: 

USSGL

Acct.

USSGL 

Account Title

Anticipated Budg/

Prop

Norm 

Bal.

Begin

/End

Debit/

Credit

Bud.

Impact

Ind.

Exch/

NonExch.

Fed/

Non

Fed

Fund

Type 

Report.

Type 

Code

Finan.

Acct.

Code

TAS

Status

Trans. 

Code 

571400 Accrual of 

Amounts 

Receivable 

from 

Custodian or 

Non-Entity 

Assets 

Receivable – 

Contra 

Account

N P D E D/C E/T/X N CF/DF/EC/EG/EM/EP/

ER/ES/ET/GA/TR/UG/

US/UT

E/F/U D/G/N U/E X/K/N

599900 Offset to 

Accrual of 

Amounts 

Receivable 

from 

Custodian or 

Non-Entity 

Assets 

Receivable – 

Contra 

Account

N P D E D/C D/E E/T/X N CF/DF/EC/EG/EM/EP/

ER/ES/ET/GA/TR/UG/

US/UT

E/F/U D/G/N U/E X/K/N
Bulletin 2023-02 December IRC Handout

USSGL Accounts As Reflected in Statement Crosswalks:

USSGL 

Account 

Balance 

Sheet

Statement 

of 

Custodial 

Activity

Statement of Net Cost Statement of Changes 

in Net Position

Reclassified 

Balance 

Sheet

Reclassified 

Statement of Net 

Cost

Reclassified Statement of 

Operations and Changes in 

Net Position

SF 133: 

Report on 

Budget 

Execution 

and 

Schedule 

P and 

Statement 

of 

Budgetary 

Resources

571400 Ln. 42.1-

Reporting Type 

Code E 

Ln. 42.2-

Reporting Type 

Code U 

N/A Ln. 2 – Exch/Nonexch X (Footnote 4) 

Ln. 7 – Exch/Nonexch

X (Footnote 5)

N/A -Exch/Non-exch 

E/T

N/A-Exch/Non-exch 

X 

Ln. 15-Exch/Nonexch

E/T 

See 

Balance

Sheet

Ln. 2-

Exch/Nonexchange X

N/A Exch/Nonexchange E/T

N/A Exch/Non-exchange X

Ln. 5.7 Exch/Non-exchange 

E/T

N/A

599900 Ln. 42.1-

Reporting Type 

Code E 

Ln. 42.2-

Reporting Type 

Code U 

N/A Ln. 2 – Exch/Nonexch X (Footnote 4) 

Ln. 7 – Exch/Nonexch

X (Footnote 5)

N/A -Exch/Non-exch 

E/T

N/A-Exch/Non-exch 

X 

Ln. 15-Exch/Nonexch E/T and Bud. 

Impact Indicator D/E

See 

Balance

Sheet

Ln. 2-

Exch/Nonexchange X

N/A Exch/Nonexchange E/T

N/A Exch/Non-exchange X

Ln. 5.7 Exch/Non-exchange 

E/T

N/A
Bulletin 2023-02 December IRC Handout

New Transaction Codes:

 

C427 To record loans receivable to be collected from a non-federal source by another federal entity and transferred to the recipient entity as a 

custodial collection. Do not consider as a budgetary resource until transferred from the collecting entity.

Comment: Applicable to activity for guaranteed loans only. Also post USSGL TC-C133. 

Budgetary Entry

 None 

Proprietary Entry

Debit 571400 Accrual of Amounts Receivable from Custodian or Non-Entity Assets Receivable – Contra Account 

 Credit 218000 Loan Guarantee Liability 

Justification: To offset custodial receivable and record a liability for loan guarantees.

 

C429 To record the reversal of the accrual of the custodial receivable upon receipt of the funds from the collecting entity. 

Comment: Applicable to activity for guaranteed loans. Also post reversal of USSGL TC-C133. 

Budgetary Entry

 None 

Proprietary Entry

Debit 599900 Offset to Accrual of Amounts Receivable from Custodian or Non-Entity Assets Receivable – Contra Account 

 Credit 571400 Accrual of Amounts Receivable from Custodian or Non-Entity Assets Receivable – Contra Account 

Justification: To offset the custodial receivable contra account activity recorded prior to actual collection of the custodial receivable.

Updated Transaction Code:
Bulletin 2023-02 December IRC Handout

F336 To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.

Budgetary Entry

None

Proprietary Entry

Debit 331000 Cumulative Results of Operations

Debit 510000 Revenue From Goods Sold

Debit 520000 Revenue From Services Provided

Debit 531000 Interest Revenue - Other

Debit 531100 Interest Revenue - Investments

Debit 531200 Interest Revenue - Loans Receivable/Uninvested Funds

Debit 531300 Interest Revenue - Subsidy Amortization

Debit 531400 Dividend Income Accounted for Under the Provisions of the Federal Credit Reform Act

Debit 532000 Penalties and Fines Revenue

Debit 532500 Administrative Fees Revenue

Debit 540000 Funded Benefit Program Revenue

Debit 540500 Unfunded FECA Benefit Revenue

Debit 550000 Insurance and Guarantee Premium Revenue

Debit 560000 Donated Revenue - Financial Resources

Debit 561000 Donated Revenue - Non-Financial Resources

Debit 564000 Forfeiture Revenue - Cash and Cash Equivalents

Debit 565000 Forfeiture Revenue - Forfeitures of Property

Debit 570000 Expended Appropriations - Used - Accrued

Debit 570010 Expended Appropriations - Disbursed

Debit 570500 Expended Appropriations - Prior-Period Adjustments Due to Corrections of Errors - Years Preceding the Prior-Year

Debit 570800 Expended Appropriations - Prior-Period Adjustments Due to Corrections of Errors

Debit 570900 Expended Appropriations - Prior-Period Adjustments Due to Changes in Accounting Principles

Debit 572000 Financing Sources Transferred In Without Reimbursement

Debit 574000 Appropriated Dedicated Collections Transferred In

Debit 575000 Expenditure Financing Sources - Transfers-In

Debit 575500 Non-Expenditure Financing Sources - Transfers-In - Other

Debit 575600 Non-Expenditure Financing Sources - Transfers-In - Capital Transfers

Debit 577500 Non-Budgetary Financing Sources Transferred In

Debit 578000 Imputed Financing Sources

Debit 579000 Other Financing Sources

Debit 579100 Adjustment to Financing Sources - Credit Reform

Debit 579500 Seigniorage

Debit 580000 Tax Revenue Collected - Not Otherwise Classified

Debit 580100 Tax Revenue Collected - Individual

Debit 580200 Tax Revenue Collected - Corporate

Debit 580300 Tax Revenue Collected - Unemployment

Debit 580400 Tax Revenue Collected - Excise

Debit 580500 Tax Revenue Collected - Estate and Gift

Debit 580600 Tax Revenue Collected - Customs
Bulletin 2023-02 December IRC Handout

Debit 582000 Tax Revenue Accrual Adjustment - Not Otherwise Classified

Debit 582100 Tax Revenue Accrual Adjustment - Individual

Debit 582200 Tax Revenue Accrual Adjustment - Corporate

Debit 582300 Tax Revenue Accrual Adjustment - Unemployment

Debit 582400 Tax Revenue Accrual Adjustment - Excise

Debit 582500 Tax Revenue Accrual Adjustment - Estate and Gift

Debit 582600 Tax Revenue Accrual Adjustment - Customs

Debit 590000 Other Revenue

Debit 592100 Valuation Change in Investments - Exchange Stabilization Fund (ESF)

Debit 592200 Valuation Change in Investments for Federal Government Sponsored Enterprise

Debit 592300 Valuation Change in Investments - Beneficial Interest in Trust

Debit 599400 Offset to Non-Entity Accrued Collections - Statement of Changes in Net Position

Debit 599700 Financing Sources Transferred In From Custodial Statement Collections

Debit 619000 Contra Bad Debt Expense - Incurred for Others

Debit 619900 Adjustment to Subsidy Expense

Debit 660000 Applied Overhead

Debit 661000 Cost Capitalization Offset

Debit 679500 Contra Expense-Non-Fiduciary Deposit Fund Intra-governmental Administrative Fees

Debit 680000 Future Funded Expenses

Debit 690000 Non-Production Costs

 Credit 331000 Cumulative Results of Operations

 Credit 510900 Contra Revenue for Goods Sold

 Credit 520900 Contra Revenue for Services Provided

 Credit 531500 Contra Revenue for Dividend Income Accounted for Under the Provisions of the Federal Credit Reform Act

 Credit 531700 Contra Revenue for Interest Revenue - Loans Receivable

 Credit 531800 Contra Revenue for Interest Revenue - Investments

 Credit 531900 Contra Revenue for Interest Revenue - Other

 Credit 532400 Contra Revenue for Penalties and Fines

 Credit 532900 Contra Revenue for Administrative Fees

 Credit 540600 Contra Revenue for Unfunded FECA Benefit Revenue

 Credit 540900 Contra Revenue for Funded Benefit Program Revenue

 Credit 550900 Contra Revenue for Insurance and Guarantee Premium Revenue

 Credit 560900 Contra Revenue for Donations - Financial Resources

 Credit 561900 Contra Donated Revenue - Nonfinancial Resources

 Credit 564900 Contra Forfeiture Revenue - Cash and Cash Equivalents

 Credit 565900 Contra Forfeiture Revenue - Forfeitures of Property

 Credit 570500 Expended Appropriations - Prior-Period Adjustments Due to Corrections of Errors - Years Preceding the Prior-Year

 Credit 570800 Expended Appropriations - Prior-Period Adjustments Due to Corrections of Errors

 Credit 570900 Expended Appropriations - Prior-Period Adjustments Due to Changes in Accounting Principles

 Credit 573000 Financing Sources Transferred Out Without Reimbursement

 Credit 574500 Appropriated Dedicated Collections Transferred Out

 Credit 576000 Expenditure Financing Sources - Transfers-Out

 Credit 576500 Non-Expenditure Financing Sources - Transfers-Out - Other

 Credit 576600 Non-Expenditure Financing Sources - Transfers-Out - Capital Transfers
Bulletin 2023-02 December IRC Handout

 Credit 577600 Non-Budgetary Financing Sources Transferred Out

 Credit 579200 Financing Sources To Be Transferred Out - Contingent Liability

 Credit 583000 Contra Revenue for Taxes - Not Otherwise Classified

 Credit 583100 Contra Revenue for Taxes - Individual

 Credit 583200 Contra Revenue for Taxes - Corporate

 Credit 583300 Contra Revenue for Taxes - Unemployment

 Credit 583400 Contra Revenue for Taxes - Excise

 Credit 583500 Contra Revenue for Taxes - Estate and Gift

 Credit 583600 Contra Revenue for Taxes - Customs

 Credit 589000 Tax Revenue Refunds - Not Otherwise Classified

 Credit 589100 Tax Revenue Refunds - Individual

 Credit 589200 Tax Revenue Refunds - Corporate

 Credit 589300 Tax Revenue Refunds - Unemployment

 Credit 589400 Tax Revenue Refunds - Excise

 Credit 589500 Tax Revenue Refunds - Estate and Gift

 Credit 589600 Tax Revenue Refunds - Customs

 Credit 590900 Contra Revenue for Other Revenue

 Credit 591900 Revenue and Other Financing Sources - Cancellations

 Credit 599000 Collections for Others - Statement of Custodial Activity

 Credit 599100 Accrued Collections for Others - Statement of Custodial Activity

 Credit 599300 Offset to Non-Entity Collections - Statement of Changes in Net Position

 Credit 599400 Offset to Non-Entity Accrued Collections - Statement of Changes in Net Position

 Credit 599750 Financing Sources Transferred In From Custodial Statement Collections - Contra Account

 Credit 599800 Custodial Collections Transferred Out to a Treasury Account Symbol Other Than the General Fund of the U.S. Government

 Credit 599900 Offset to Accrual of Amounts Receivable from Custodian or Non-Entity Assets Receivable – Contra Account

 Credit 610000 Operating Expenses/Program Costs

 Credit 615000 Expensed Asset

 Credit 631000 Interest Expenses on Borrowing From the Bureau of the Fiscal Service and/or the Federal Financing Bank

 Credit 632000 Interest Expenses on Securities

 Credit 633000 Other Interest Expenses

 Credit 634000 Interest Expense Accrued on the Liability for Loan Guarantees

 Credit 640000 Benefit Expense

 Credit 650000 Cost of Goods Sold

 Credit 660000 Applied Overhead

 Credit 661000 Cost Capitalization Offset

 Credit 671000 Depreciation, Amortization, and Depletion

 Credit 672000 Bad Debt Expense

 Credit 673000 Imputed Costs

 Credit 679000 Other Expenses Not Requiring Budgetary Resources

 Credit 680000 Future Funded Expenses

 Credit 685000 Employer Contributions to Employee Benefit Programs Not Requiring Current-Year Budget Authority (Unobligated)

 Credit 690000 Non-Production Costs

Justification: Change needed to close USSGL account 599900 into Cumulative Results of Operations at year end.