Account - A functional unit that serves a particular accounting purpose where one person has primary responsibility for it. The last four digits in the account number for a General Ledger Account. The account control designates a specific asset, liability, fund balance, fund addition, fund deduction or summary control. Attribute Record - A portion of the GL or SL file reserved for nondollar descriptive data of an account. Attributes - Nondollar descriptive data associated with an account.
Examples are school, department, function, name and responsible person.
Attributes support a variety of sophisticated reporting techniques and remove the need for descriptive data. When transactions are entered, a process by which the system automatically transfers budget dollars from predefined budget pools to specific object codes. Bank Transfer - A movement of cash from one bank account to another. Budget - A plan of revenue and expenditures for an accounting period expressed in monetary terms. Budget Pool - A budget summarized at significant levels of revenue or expense.