How to Record Poker Jackpot Fund Interest
Recording interest earned on restricted cash accounts holding poker 'Bad Beat' or progressive jackpot funds.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Restricted Cash - Poker Jackpot | Debit | 125.00 | - |
| Progressive Jackpot Liability | Credit | - | 125.00 |
💡 Accountant's Note
In many jurisdictions, interest earned on player-funded jackpot pools must be added back to the pool rather than kept as casino income. This entry increases the liability to players.
Practitioner & Systems Framework
💻 ERP Architecture
Set up a separate restricted cash account in the GL that mirrors the bank statement.
⚠️ Audit Flags
Interest income being recorded as corporate revenue instead of fund growth.
📄 Required Documentation
Bank statement for the restricted account showing interest credit.
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