Organization: create 6-digit numeric code according ORG structure definition

Account Type – These are general groupings of natural account activity for financial statement reporting. There should be no changes after the initial setup unless required by new external reporting requirements.

Account code – Natural classifications or assets, liabilities, revenues, expenses and transfers by account type. These should provide the minimum level of detail to achieve compliance financial reporting. This element should have minimal

Title: name descriptively, maximum 35 characters

Effective Date: today

Termination Date: <blank>

Next Change Date: <blank>

Data Entry: checked (default)

Financial Manager: search on FTIIDEN

Predecessor Organization: specify non-data-enterable roll up level

Default Fund: specify from FUND code structure

Default Program: specify from PROG code structure

Chart of Accounts: 1

Active Status: checked (default)

Account Type: create 2-digit numeric code according chart structure definition

Title: name descriptively

Effective Date: today

Termination Date: <blank>

Next Change Date: <blank>

Internal Account Type:

10 – Assets

20 – Liabilities

30 – Control Accounts

40 – Fund Balances

50 – Revenues

60 - Labor

70 – Expenses

80 – Transfers

90 – Fund Additions

95 – Fund Deductions

Predecessor Code: use internal account type

Normal Balance:

Debit – Assets, Labor, Expenses, Fund Deductions

Credit – Liabilities, Fund Balances, Revenues, Fund Additions