Skip to main content
How do I record the credit for financial accounting purposes?

How do I record the credit for financial accounting purposes?

MPSERS forfeiture credits are to be recorded as Restricted State Revenue (Major Class Code 312, Suffix 0000), as they are utilized by school districts to offset the employer portion of current DC plan contribution payments.?The recording of current year payroll and benefit expenditures is unaffected by these credits.