The PeopleSoft Chart of Accounts (COA) structure uses "chartfields" (or segments) to record the financial effect of each transaction. The chart of accounts is intended to consider all financial reporting needs, providing sufficient flexibility to allow for the development of financial statements for management, as well as, external readers. It serves as the basis for recording the day-to-day financial operations of the Colleges. The combination of chartfields brings meaning to the transaction. Based on an analysis of reporting and financial management needs, and to allow for adequate reporting flexibility and growth, information related to the Colleges' transactions will be captured using multiple chartfields as depicted in the tables that follow. The use of certain chartfields, are required for each transaction. The required chartfields record information related to the nature of the transaction (Account - revenue, expense, asset, liability, net assets), area responsible for or effected by the transaction (Department), monies used or generated (Fund), and the purpose of the transaction (Program). Certain other chartfields will be used optionally, depending on the nature and intent of the transaction.
The tables that follow depict the PeopleSoft chartfields established to support the Colleges' financial management and reporting. In entering a transaction to PeopleSoft Financials (journal entry, labor distribution, purchase requisition, expense report, etc.), the user populates each field with entries that can be selected from a list of valid values. The financial system also provides functionality to help ensure that the combination of values selected by the user is valid.
|Length||xxxxx (5)||xx (2)||xxxxx (5)||xxxxx (5)||xx (2)|
* = Available for use by departments to enter a meaningful code (not used in financial reporting).
For a full list of accounts, please consult the Account ID List.
Fund is used to track spending restrictions, designations and to categorize the Colleges' net assets for external reporting. This chartfield is required on all transactions. There are multiple Fund codes; however, the ones mostly used by the campus will be:
|11||Current Fund||Traditionally used when spending out of the department's operating budget|
|21||Current Restricted UR||Always used for grant spending, generally used for endowment spending and restricted gift spending|
|22||Current Restricted TR||Generally used for endowment spending and restricted gift spending|
|71||Plant Fund UR||Generally used for projects|
|72||Plant Fund TR||Generally used for plant projects where funds are from a donor|
|90||Agency Funds||Always used for student club accounts and other agency accounts|
The department identified with the transaction represents the Colleges' academic or operating unit "responsible" for, or effected by the transaction. It is a required field for all transactions. Units generally meet the following criteria to be considered a department:
|Provost||Office of the Provost||15050|
|Asian Languages and Cultures||15630|
|Student Affairs||Office of Student Affairs||20045|
For a full list of departments, please consult the Department ID List.
This field is used to record revenue and expense transactions associated with formal or informal programs including public service activities, academic initiatives, cross disciplinary initiatives and centers, etc. Values in this field may include restricted gifts, grants, scholarship programs, endowments, planned giving and plant related activities. Programs may be groups of activities conducted within or across departments, they are divided between operating and non-operating for budget purposes.
|President||President's Discretionary Fund||01510|
|Restricted Gifts||D'Angelo Music Award||20010|
|Grants||NSF Non-uniform Surface Cond||30100|
|Loan||Perkins Loans Issued||40100|
|Endowment||Clarence E Seward Scholarship||50012|
|Planned Giving||Arthur deCordova CRUT||60003|
For a full list of programs, please consult the Program ID List.
This field can be used at the discretion of individual departments. The value used will have meaning only to that department. This field is not used in financial management or reporting for the Colleges. No values will be defined within PeopleSoft. Example uses are as follows: