What identifier is used for recording Filled Customer Orders Collected transactions?

The identifier used for recording Filled Customer Orders Collected transactions is USSGL 425200. This account number is part of the U.S. Standard General Ledger (USSGL), which provides a framework for government accounting and reporting. Specifically, USSGL 425200 is designated for the recognition of revenue related to services rendered or goods sold to customers when the orders have been fulfilled, and the funds have been received. This alignment is crucial for accurate financial reporting, as it ensures that the revenue is recognized in the appropriate accounting period, reflecting the organization’s financial performance effectively.

When understanding this context, it's important to recognize that the other identifiers, while related to revenue and financial activity, are designated for different types of transactions or specific categories within the financial reporting structure. For example, other USSGL accounts might pertain to different revenue sources or uncollected orders, illustrating the precise categorization needed in financial management practices.