Beginning at the left of the ledger, the first column is Financial Class or Sub-Object. This is the system's first step in categorizing a transaction. For transactions into income and balance sheet accounts, financial class is assigned by the system. In expense accounts, it's the sub and object combined. Source is used at departmental discretion.
Project is related to a special system used at departmental discretion.
The next two columns, Effective Date and Point of Entry, are both codes arbitrarily assigned by the system. Sequence Number is assigned by the system. Document Date gives the date of the document creating the entry. Transaction Description is a verbal description of the transaction. Reference provides further description, such as loan, sundry debtor, or document numbers.