[rp 12]

What is a top sided entry can anyone please help me explain?

"Success in life comes when you simply refuse to give up, with goals so strong that obstacles, failure, and loss act only as motivation"

AUD: 68, 62, 77✔ (expires 10/31/16)
FAR: 53, 48, XX (retake 6/16)
REG:
BEC: 53

[Sikedg]

A top side entry is when you make a change on the face of the financial statements without making an actual journal entry. An example would be splitting up a grouped expense account to show them on separate lines.

[Gatorbates]

It's an entry that doesn't hit the subledger. A lot of accruals are top side. After all monthly subledger transactions have been completed and posted, and another adjusting entry needs to be made, instead of making it at the subledger level (the SL monthly activity closes before the financial statements are finilized), they do a “top side” entry, which alters only the GL balance on the financials. And then there's a reconciling item explanation that ties the GL and SL together.

Licensed Florida CPA:
B: 71, 73, 79
A: 83
R: 78 (expired), 77
F: 74, 74, 80

It's finally freaking over.

[Thrawn]

^ what they said, my company uses topside entries for things that are needed to ensure presentation is right (say settling of intercompany out of balances, certain tax entries etc.).

BEC 87 Feb 14
REG 84 Apr 14
FAR 82 Nov 14
AUD 86 Feb 15

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