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July 30, 2026 — 7:17 PM — compared to revision from Nov. 23, 2025
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- "body": "[{\"type\": \"paragraph\", \"value\": \"<p>A liability account is the long-term reflection of a group's\\r\\nfinancial standing. Only <a href=\\\"Departments\\\" class=\\\"wikilink\\\"\\r\\ntitle=\\\"Departments\\\">Departments</a>, <a href=\\\"clubs\\\" class=\\\"wikilink\\\"\\r\\ntitle=\\\"clubs\\\">clubs</a> and <a href=\\\"design_teams\\\" class=\\\"wikilink\\\"\\r\\ntitle=\\\"design teams\\\">design teams</a>\\u2019 have liability accounts; this is\\r\\nbecause their money does not directly come from the <a\\r\\nhref=\\\"EUS_Operating_Budget\\\" class=\\\"wikilink\\\"\\r\\ntitle=\\\"EUS Operating Budget\\\">EUS Operating Budget</a>. All EUS does is\\r\\nprovide accounting services (though these groups may benefit from the\\r\\nvarious <a href=\\\"funds\\\" class=\\\"wikilink\\\" title=\\\"funds\\\">funds</a>).\\r\\nDuring the year, their transactions are processed through an <a\\r\\nhref=\\\"internal_account\\\" class=\\\"wikilink\\\"\\r\\ntitle=\\\"internal account\\\">internal account</a>, whose net balance is\\r\\ndeducted from the liability account at the end of the year.</p>\\r\\n<dl>\\r\\n<dt></dt>\\r\\n<dd>\\r\\n<strong>Liability account:</strong>\\u2003<em>Your group's \\\"safe\\\"</em>\\r\\n</dd>\\r\\n<dd>\\r\\n<strong>Internal account:</strong>\\u2003<em>EUS \\\"safe\\\"</em>\\r\\n</dd>\\r\\n</dl>\\r\\n<p>The <a href=\\\"Internal_account\\\" class=\\\"wikilink\\\"\\r\\ntitle=\\\"Internal account\\\">Internal account</a> essentially allows for\\r\\nhigher cashflow. Instead of a group being alimited to what they have\\r\\navailable in their liability account (<em>their safe</em>), they're able\\r\\nto make larger expenses through the EUS. This is because sources of\\r\\nrevenue frequently require proof of purchase after the fact, among other\\r\\nthings.</p>\\r\\n<h2 id=\\\"example\\\">Example</h2>\\r\\n<dl>\\r\\n<dt></dt>\\r\\n<dd>\\r\\nYour <strong>liability account</strong> has $1000 at the beginning of\\r\\n2018.\\r\\n</dd>\\r\\n<dd>\\r\\nYour <strong>internal account</strong> has a balance of -$250 at the end\\r\\nof the fiscal year\\r\\n<dl>\\r\\n<dt></dt>\\r\\n<dd>\\r\\n<em>The $250 loss will be applied to your liability account, resulting\\r\\nin a final balance of $750 in \\\"your safe\\\"</em>\\r\\n</dd>\\r\\n</dl>\\r\\n</dd>\\r\\n<dd>\\r\\nYour <strong>liability account</strong> has $750 at the beginning of\\r\\n2019\\r\\n</dd>\\r\\n</dl>\\r\\n<h2 id=\\\"guardianship\\\"><a href=\\\"Guardianship\\\" class=\\\"wikilink\\\"\\r\\ntitle=\\\"Guardianship\\\">Guardianship</a></h2>\\r\\n<p><strong>You are not allowed to have your liability account in the\\r\\nnegative.</strong> When that happens, your organisation will be place\\r\\nunder <a href=\\\"guardianship\\\" class=\\\"wikilink\\\"\\r\\ntitle=\\\"guardianship\\\">guardianship</a>.</p>\\r\\n\", \"id\": \"8cda4e34-c2e3-4a2d-b4f1-48602c87cffa\"}]",
+ "body": "[{\"id\": \"8cda4e34-c2e3-4a2d-b4f1-48602c87cffa\", \"type\": \"paragraph\", \"value\": \"<p>A liability account is the long-term reflection of a group's\\r\\nfinancial standing. Only <a href=\\\"Departments\\\">Departments</a>, <a href=\\\"clubs\\\">clubs</a> and <a href=\\\"design_teams\\\">design teams</a>\\u2019 have liability accounts; this is\\r\\nbecause their money does not directly come from the <a href=\\\"EUS_Operating_Budget\\\">EUS Operating Budget</a>. All EUS does is\\r\\nprovide accounting services (though these groups may benefit from the\\r\\nvarious <a href=\\\"funds\\\">funds</a>).\\r\\nDuring the year, their transactions are processed through an <a href=\\\"internal_account\\\">internal account</a>, whose net balance is\\r\\ndeducted from the liability account at the end of the year.</p>\\r\\n<dl>\\r\\n<dt></dt>\\r\\n<dd>\\r\\n<strong>Liability account:</strong>\\u2003<em>Your group's \\\"safe\\\"</em>\\r\\n</dd>\\r\\n<dd>\\r\\n<strong>Internal account:</strong>\\u2003<em>EUS \\\"safe\\\"</em>\\r\\n</dd>\\r\\n</dl>\\r\\n<p>The <a href=\\\"Internal_account\\\">Internal account</a> essentially allows for\\r\\nhigher cashflow. Instead of a group being alimited to what they have\\r\\navailable in their liability account (<em>their safe</em>), they're able\\r\\nto make larger expenses through the EUS. This is because sources of\\r\\nrevenue frequently require proof of purchase after the fact, among other\\r\\nthings.</p>\\r\\n<h2 id=\\\"example\\\">Example</h2>\\r\\n<dl>\\r\\n<dt></dt>\\r\\n<dd>\\r\\nYour <strong>liability account</strong> has $1000 at the beginning of\\r\\n2018.\\r\\n</dd>\\r\\n<dd>\\r\\nYour <strong>internal account</strong> has a balance of -$250 at the end\\r\\nof the fiscal year\\r\\n<dl>\\r\\n<dt></dt>\\r\\n<dd>\\r\\n<em>The $250 loss will be applied to your liability account, resulting\\r\\nin a final balance of $750 in \\\"your safe\\\"</em>\\r\\n</dd>\\r\\n</dl>\\r\\n</dd>\\r\\n<dd>\\r\\nYour <strong>liability account</strong> has $750 at the beginning of\\r\\n2019\\r\\n</dd>\\r\\n</dl>\\r\\n<h2 id=\\\"guardianship\\\"><a href=\\\"Guardianship\\\">Guardianship</a></h2>\\r\\n<p><strong>You are not allowed to have your liability account in the\\r\\nnegative.</strong> When that happens, your organisation will be place\\r\\nunder <a href=\\\"guardianship\\\">guardianship</a>.</p>\\r\\n\"}]",
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