- Accounting Home
- General Ledger Account Definitions
- Liabilities & Fund Equity
- 21xxxx: Sundry Creditors
21xxxx: Sundry Creditors
Sundry creditors represent amounts owed to outside organizations resulting from deductions taken on the faculty/staff, biweekly, and awards payrolls and related University contributions.
II. G/L ACCOUNT DEFINITIONS
Represents payroll deductions for employee dental insurance.
Represents the 1.5% holdback on federal tax deposits. This 1.5% is subsequently remitted to the Internal Revenue Service the following month. (CLOSED JUNE 2019)
Represents the 1.5% holdback on state tax deposits. This 1.5% holdback is subsequently remitted the following month to the State of North Carolina. (CLOSED JUNE 2019
This account will be used for payroll deductions in support of the hypothetical tax related to International assignments for Duke employees.
This GL account is used to record the net investment income tax accrual.