I'm looking for guidance on accounting for F&A. I get the mechanics of this where you identify the A

PeopleSoft 9.2 Grants: I'm looking for guidance on the actual accounting for F&A transactions. I get the mechanics of this where you identify the ACCOUNT value to use on the F&A expense on the Facilities Admin Options and the value for the offset comes from the distribution code on the same page. My question is in regards to what the offset ACCOUNT value should be (or represent). PeopleBooks says the Distribution Code should use a "revenue" account. Frankly, I find this hard to believe. The reason that you create an F&A transaction in the first place is to bill the