Common use of Chart of Accounts Clause in Contracts

Chart of Accounts. A Chart of Accounts shall be maintained: - The COUNTY recommends that CONTRACTORS use the expense account titles on the monthly invoice submitted to the COUNTY. - If the CONTRACTOR uses account titles which differ from the account titles on the monthly invoice, each account title must clearly identify the nature of the transaction(s) posted to the account. - CONTRACTOR must consistently post transactions that are of a similar nature to the same account. For example, all expenses for travel shall be posted to the account titled "travel" or "travel expense" and not intermixed with other expense accounts.