Account

The account is the beginning of a Chartfield string. Each account is six digits in length, the first digit of the account denotes whether it is a balance sheet or income statement item as defined below.

Balance Sheet

1XXXXX = Assets
2XXXXX = Liabilities
3XXXXX = Fund Balances

Income Statement

4XXXXX = Revenues
5XXXXX = Salary and Benefit Expenses
6XXXXX = Miscellaneous Expenses

Valid Account/Fund Combination

The valid Account/Fund listing contains a detailed list of all Income Statement Account values, including descriptions of use and a listing of valid Account/Fund combinations. Refer to the Valid Account Listing below for more information.

Transfer Accounts

A document detailing the best practice for using transfer accounts along with the Transfer Account matrix are tools available to assist in determining when a transfer is appropriate and what specific transfer account to use on the journal entry.  Refer to the Transfer Account Best Practice document and Transfer Account Matrix below for more information.

 

 

Attachments
FileLast Updated
Valid AccountFriday, July 8th, 2016 at 8:22 AM
Transfer Account Instructions and MatrixThursday, December 1st, 2016 at 9:27 AM

Additional Resources