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What is the general ledger account code?

The Account Code is a six-digit field used to classify financial activities and balances within the General Ledger . The first digit of the account indicates whether it is a balance sheet or income statement item, as defined below. Balance Sheet – Accounts Typically restricted to Finance and Accounting Core offices only.

What is general ledger coding structure?

General ledger (GL) codes help accountants record, sort and keep track of accounting data. GL codes can range from a three-digit number to a multi-part, alpha-numeric code, and the codes have a specific order which follows the format of the balance sheet and income statement.

What is the general ledger number?

financial transactions. An account, or general ledger (GL) code, is a number used to record business transactions in the general ledger. Boston University stores every general ledger (GL) code in the SAP system. In this section you will find: 1. SPH GL Codes Short List . 2. General Ledger (GL) Coding Principles . 3. Quick Reference Guide - List of Common GL Codes . Helpful Links

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