Standard Balance Sheet Codes
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Modified on: Wed, 27 Apr, 2022 at 9:20 AM
What This Screen Shows
- This screen shows all balance sheet codes created for attachment to a specific fund.
- Each code shows the following:
- Numerical dimension
- The name of the code
- The code's reference type
- Whether the code is standard or essential
Requirements
- Bank Account Setup (Multiple Funds / Banks) – If a new bank account is to be connected to multiple funds / banks, the cash code that is to be chosen must be created through this screen.
Standard Balance Sheet Codes - Maintain
- Finance → Financial Management → Setup → Financial Management Setup → Standard Balance Sheet Codes → Maintain
- The first screen shows all non-deleted codes.
- Click Select to see the information of the code.
- Click Add to add a new code and its information.
FIELDS | Opt. | Rec. | Req. | Description |
---|
Delete This Record | ♦ | — | — | Set to TRUE if this balance sheet code is to be deleted |
Standard | — | — | ♦ | Set to TRUE if this code is used in all or most of your funds |
Essential | ♦ | — | — | Set to TRUE if this code is required by the system power adds |
Balance Sheet | — | — | ♦ | The code that is assigned is up to your discretion; keep in mind, OpenRDA uses the first occurrence (lowest account code) of a reference type with the Standard flag set to true |
Name | — | — | ♦ | Type the account name |
Reference Type | — | — | ♦ | Reference types do the following when added to:- Standard Balance Sheet Codes – helps determine the balance sheet accounts automatically debited and credited during power add procedures such as Add Journal Entries and Close Year
|
Opt. = Optional Rec. = Recommended Req. = Required |
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