In FAMIS, General Ledger (GL) accounts are six-digit numbers that represent and contain accounts in a self-balancing fund. Each GL account (or fund) has its own balanced set of accounts consisting of assets, liabilities, fund balances, revenues/additions and expenses/deductions. GL accounts always begin with a zero, and the second digit represents the major fund group and may or may not have subordinate SL accounts. For example, loan funds do not require budgets; therefore, they are managed with GL accounts only.
See also Transaction Codes (T-codes).
Related Documentation
Core Concept: General Ledger (GL) Accounts
Core Concept: Transaction Codes
Working with Account Balances