Fund – A five-character code that identifies
a self balancing set of accounts and identifies ownership and restriction.
This code is required input in Banner for all accounting transactions.
10000
is the
code for the general unrestricted fund.
Organization – A four-character code that
identifies a unit of budgetary responsibility and/or department.
This code
is a required input in Banner for revenue
and expense transactions.
Account – A four-character code that identifies
objects, such as the general ledger (assets, liabilities and fund
balances)
and the operating ledger (income and expense) transactions. This
code is required input in Banner
for all accounting transactions. Revenues have an account sequence
5XXX. Payroll and fringe benefit expenses
have
an
account sequence
6XXX. Other expenses have an account sequence of 7XXX.
Click here for a list of Commonly Used Accounts
Program – A three-digit code that identifies
a function and enables the college to establish a method of classifying
transactions across organizations. This code is a required input
in Banner
for revenue and expense transactions. Each organization has a default
program code associated with it.
Activity – An optional six-character code
that can be used to further define an expenditure or source of revenue.
This code must be set up in Banner by the Budget Office prior to
use. As this is an
optional code, transactions
with an invalid activity code will be posted without it.
