Account The Account chartfield is a 5-character numeric value which identifies the nature or type of the transaction by classifying them into Assets, Liabilities, Equity (net position), Revenues, and Expenses. It is a required field on all transactions. The accounts have been streamlined from the previous structure and are organized into reporting levels using a PeopleSoft tree. The accounts are designed to facilitate reporting and are generally used across the organization. The campus, foundation, and medical center will share the same list of accounts. (See alternate account section for additional information for medical center accounts). In other words, the accounts do not have departmental ownership. Purpose/Use: A new account chartfield may be established when: • • • • A unique account is necessary to facilitate reporting, management decisions, and timely reconciliations No existing account describes the transaction The transactions that need to be captured by an account are material to the campus as a whole and are common to multiple departments A transaction is most appropriately captured by an account chartfield (vs. a department, project, function or flexfield) Numbering convention: Accounts will use a 5-character numeric value that adheres to the following convention: Account Type Assets Liabilities Net Position: Equity Transfers Revenue Expense Account Range 10000-19999 20000-29999 30000-39999 70000-79999 40000-49999 50000-59999 1 07/01/2013 Attributes: Field Name Type Length Set ID AN 5 Account AN 10 Effective Date Date Effective Status AN 1 Description Short Description Control Account AN AN AN 30 10 1 Budgetary Only AN 1 Statistical Account AN 1 Unit of Measure AN 3 Account Type AN 1 Description Accounting structure is defined in a series of control tables or tablesets that allows sharing of control data among business units. A Set ID identifies each tableset. In simple terms: • The business unit contains the actual transaction data. • The tableset contains the rules by which the data is processed. An alphanumeric value assigned to an account. Account field is a 10 character field in the physical database table. UCSF allows 5 characters for all account values. The date that the attributes and definitions associated to an account go into effect. Account status as of Effective Date: • A = Active • I = Inactive 30-character account description 10-character account short description Y/N value; indicates whether this is a control account that can be updated only by using the Journal Generator or a load process from a third party system. The purpose of this designation is to prevent manual or online entries in general ledger to the account. Y/N value; indicates whether the account value is to be used for budgetary purposes only. A budgetary account will not be available for recording financial (i.e., actuals) transactions. Y/N value; indicates whether this account is used to capture statistical amounts only, not monetary amounts. If the account is a statistical account, the unit of measure used to track the statistical amounts. A – Asset E – Expense L – Liability Q – Equity or Net Position R - Revenue 2 07/01/2013 Field Name Type Length Open Item AN 1 Open Item Edit Record AN 15 Open Item Edit Field AN 18 Open Item Prompt Table Open Item Reconcile Tolerance AN 15 Sign Decimal 23.3 UCOP Account Group Code AN 6 UCOP Object Code AN 4 UCOP Sub Code AN 1 Description Y/N value; indicates whether to activate the Open Item processing for tracking and matching debits and credits that post to this account. When this option is selected, the following four Open Item related fields need to be completed. Name of the table against which the Open Item key will be validated. For example, if the Open Item key is an employee ID, enter a table that contains a list of valid employee IDs, such as the PERSONAL_DATA table. Name of the field from the edit record containing the Open Item key values, such as the EMPLID field. Name of the prompt table for the Open Item key field when entering transactions for the account. Maximum amount allowed to manually close non-zero balance Open Item rows. For system reconciliation, there is no tolerance. The balance must be zero. Indicate the category to which an Account belongs in UCOP's accounting structure. UCOP Account Group Code is required for Account Types of A, L, Q, and R. It should be blank for Expenditure accounts. Used for UCOP Reporting to identify the natural classification of expenditures. UCOP Object Code is required for Expenditure accounts only and should be blank for other account types. Used for UCOP Reporting to differentiate types of expense for current funds: 0 = Salaries – Academic 1 = Salaries – Staff 2 = General Assistance 3 = Supplies & Expense 4 = Equipment & Facilities 5 = Code available for special item 6 = Employee Benefit 7 = Code available for special item 8 = Code available for unallocated funds & special item 9 = Recharge UCOP Sub Code is required for Expenditure accounts only and should be blank for other account types. 3 07/01/2013