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General Fund Revenue Account Out turn 201617 Guidance notes for completing form RS: REVENUE OUTRUN SUMMARYThese notes should be read in conjunction with RO General Guidance 201617 and CIFAD Service
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Step 1: Gather all necessary financial information, such as revenue sources and amounts.
02
Step 2: Identify the general fund revenue account in your financial system.
03
Step 3: Open the general fund revenue account ledger in your financial system.
04
Step 4: Enter the revenue sources one by one, along with their respective amounts.
05
Step 5: Make sure to categorize each revenue source correctly and allocate them to appropriate funds.
06
Step 6: Double-check all entries for accuracy and completeness.
07
Step 7: Save and close the general fund revenue account ledger.
08
Step 8: Reconcile the general fund revenue account with other financial records regularly to ensure accuracy.

Who needs general fund revenue account?

01
Government organizations and agencies that receive public funding.
02
Non-profit organizations that rely on donations and grants.
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Businesses or individuals who want to track their revenue from various sources separately.
04
Accounting departments and financial professionals responsible for managing funds and budgeting.
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General fund revenue account is an account that tracks the income received by a government entity that is not designated for specific programs or purposes.
Government entities are required to file general fund revenue account in order to track their general income.
General fund revenue account can be filled out by recording all income received by the government entity that is not designated for specific purposes.
The purpose of general fund revenue account is to track and report the general income received by a government entity.
General fund revenue account must include all income received by the government entity that is not designated for specific programs or purposes.
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