GL accounts should be thought of as funds. The GL account number itself is not unique within FAMIS; it must be coupled with the campus code to be unique.
GL accounts have fully balanced sets of assets, liabilities, fund balances, income and expense accounts (subcodes).
Since each subsidiary ledger (SL) account is mapped to a single GL account, all SL revenues and expenses are connected and recorded in the appropriate GL account (i.e., fund).
Each GL account has the core attribute of the Annual Financial Report (AFR) fund group. All GL accounts with the same AFR fund group comprise the overall fund group for AFR reporting. Some members of the A&M System have several hundred distinct GL accounts, but most have between 50 and 75. Each member of the A&M System assigns their own GL account numbers.
GL accounts may or may not have subordinate SL accounts. For example, loan funds do not require budgets; therefore, they are managed with GL accounts only.
GL accounts always begin with a zero, and the second digit represents the major fund group.
See also Transaction Codes (T-codes).
Related Documentation
Core Concept: General Ledger (GL) Accounts
Core Concept: Transaction Codes
Working with Account Balances