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The Chart of Accounts can be broken down into the following elements.
Funds (6 digit) : Funding Source
Budgeted Funds: Funds that ends with a XXX002 are budget fund. The amount of funds that are allocated is renewed based on budget at the beginning of each year.
Non-Budget (Designated) Funds: These funds are funded through various sources and set aside for specific purposes. These funds are usually restricted and can only use for transactions that qualify.
Orgs (4 digit): Cost centers
Accounts (5 digit): What
Revenue (5xxxx)
Labor Expense (6xxxx)
ID Charge (801xx)
Transfers (806xx)
*Accounts 5-7xxxx are used for transactions between the university and non-SPU party.
*Accounts 8xxxx can only be use for transactions within SPU and should not be used with accounts 5-7xxxx unless it is a budget change request (BCR)
Activity Code(6 digit): What project is this for
Chart of Account Lookup
Fund
Orgs
Account