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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

General Accounting

Write-off of Revenue Receivables

The revenue-generating activities of an agency frequently result in receivables being recorded in the agency’s accounting records. If an agency arrives at the conclusion that any of the amounts so established would not be collected, it is appropriate to decrease the revenue receivable with a USAS entry described in the Revenue receivables section of Accounting for Uncollectible Accounts (APS 027) (FPP C.001).

According to GAAP, an agency may not eliminate a revenue receivable by writing it off as an expenditure because it does not represent an expenditure of current financial resources during the period.

Uncollectible revenue receivables are reported as a reduction of revenue receivable.

Glenn Hegar
Texas Comptroller of Public Accounts
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