General Services Administration (GSA) Policy on Worksheet Adjustments

1.  Purpose

To establish policy for financial statement Worksheet Adjustment requirements, thresholds, and approvals.

2.  Background

Worksheet Adjustments are often necessary to accurately report general ledger account balances in the financial statements when balances in the automated accounting system of record are incomplete or contain inaccuracies. Specific reasons for Worksheet Adjustments include, but are not limited to, recording transactions caused by timing differences, correcting transactions in a hold status on error reports, reclassifying financial reporting attributes, and reconciling differences.

3.  Scope and applicability

This policy and the associated procedures apply to the GSA financial statement Worksheet Adjustments effective in the fiscal year issued and thereafter.  The provisions of this policy apply to all GSA Services and Staff Offices (SSOs).

4.  Cancellation

CFO 4210.2 General Services Administration (GSA) Policy on Worksheet Adjustments, dated March 26, 2015, is cancelled.