Financial Practices - Chartfields
Table of Contents
- Financial Practices Understanding Chartfields February 25, 2009
- Discussion Items
- Chart of Accounts
- Chart of Accounts (cont'd)
- Account
- Account (cont'd)
- Fund
- Fund (cont'd)
- Department
- Department (cont'd)
- Program
- Program (cont'd)
- Class (cont'd)
- Class (cont'd)
- Class (cont'd)
- Project (cont'd)
- Project (cont'd)
- Chartfield Strings
- Chartfield Strings (cont'd)
- Combo Edits
- Tools
- Tools (cont'd)
- Tools (cont'd)
- Tools (cont'd)
- Tools (cont'd)
- Tools (cont'd)
- Slide 27
Text and Images from Slide
Account
- Six digit chartfield
- Mandatory chartfield
- Defines and categorizes an activity
- Revenue - income received
- Expense - salaries and payments for goods and services
- Asset - value of owned items
- Liability - obligations owed
- Equity - net worth (Assets minus Liabilities)