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 RecordSet to TRUE if this balance sheet code is to be deleted
StandardSet to TRUE if this code is used in all or most of your funds
EssentialSet to TRUE if this code is required by the system power adds
Balance SheetThe 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
NameType the account name
Reference TypeReference 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