Common use of Chart of Accounts Clause in Contracts

Chart of Accounts. A Chart of Accounts shall be maintained:  County recommends that Subrecipient use the expense account titles on the monthly invoice submitted to County.  If Subrecipient uses account titles which differ from the account titles on the monthly invoice, each account title must clearly identify the nature of the transaction(s) posted to the account.  Subrecipient must consistently post transactions that are of a similar nature to the same account. For example, all expenses for travel shall be posted to the account titled "travel" or "travel expense" and not intermixed with other expense accounts.

Chart of Accounts. A Chart of Accounts shall be maintained:  • The County recommends that Subrecipient agents use the expense account titles on the monthly invoice submitted to the County.  • If Subrecipient the contractor uses account titles titles, which differ from the account titles on the monthly invoice, each account title must clearly identify the nature of the transaction(s) posted to the account.  Subrecipient • Contractor must consistently post transactions that are of a similar nature to the same account. For example, all expenses for travel shall be posted to the account titled "travel" or "travel expense" and not intermixed with other expense accounts.