The automatic posting of real dollar activity to a general ledger account, usually as a result of a direct update to a subsidiary ledger account. A service center established within the University community to provide goods or services to other departments at the University on a continual basis. The transfer of an asset or liability from one fund to another. A collection of account records for an organization. All accounts beginning with zero are general ledger accounts.
Accounts beginning with numbers one through nine are subsidiary ledger accounts.
A five digit attribute code in a subsidiary ledger account indicating the general ledger account to which it relates. This code is always the last five digits of the general ledger account. An account that represents the balances of demand deposits for operating accounts. The cash total of all memo bank accounts should equal the total of all equity in pooled cash amounts. A four digit subcode appended to a six digit subsidiary ledger account to represent a specific item of revenue or expense.