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Expenditure Object 7023 – Lump Sum Termination Payment

Object Type: Cash — Salaries and Wages

Reference:

Issue Date:

Revised Date:

Description

To record lump sum payments made upon termination of employment in lieu of taking vacation pay through normal payroll procedure.

This code does NOT include payment of benefits to a deceased employee's estate (7024).

Appropriation Year	26
USAS Title	LUMP SUM TERMINATION PAYMENT
Object Group	40 – Payroll
USAS Status	A
Rev/Exp Category	01 – SALARIES AND WAGES