How do I confirm revenue and expenses are not netted together?
Confirm that revenues and expenses are not netted but rather reported at gross amounts unless specifically allowed (i.e. reimbursements). Record adjustments in General Ledger as needed.
When looking at a General Ledger transaction, similar to recording interest and fees on an investment, do NOT subtract the fees and the interest and record the net difference. Best practice is to enter one transaction as a Treasurers Receipt for the interest booked to a revenue BARS code and a separate transaction as a service charge for the fees booked to an expense BARS code.