• Organization: create 6-digit numeric code according ORG structure definition
• oAccount 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 of assets, liabilities, revenues, expenses

• oAccount 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

FTMATYP Account Type Maintenance

• 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:
• o10 – Assets
• o20 – Liabilities
• o30 – Control Accounts
• o40 – Fund Balances
• o50 – Revenues
• o60 - Labor
• o70 – Expenses
• o80 – Transfers
• o90 – Fund Additions
• o95 – Fund Deductions
• Predecessor Code: use internal account type
• Normal Balance:
• oDebit – Assets, Labor, Expenses, Fund Deductions
• oCredit – Liabilities, Fund Balances, Revenues, Fund Additions