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


  1. Finance → Financial Management → Setup → Financial Management Setup → Standard Balance Sheet Codes → Maintain
  2. The first screen shows all non-deleted codes.
  3. Click Select to see the information of the code.
  4. Click Add to add a new code and its information.


FIELDSOpt.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