SL accounts should be viewed as cost centers or budgetary units. They are called subledger accounts because they are subsidiary to a general ledger (GL) account.
- All operational budgeting in FAMIS is done with SL accounts (and related support accounts (SAs).
- Revenues and expenses are recorded in the SL accounts (see the exception for GL Subcode fund additions and fund deductions).
- SL accounts are budgetary units. Individual employees are responsible for managing and controlling the “budget to actual” in the SL accounts.
- The first digit in the SL account is always a number between 1 and 9. The first digit of the SL will always match the second digit of the parent GL account.
Each SL account is mapped to a single GL account. This effectively links all revenues and expenses back to a balanced GL account. Many SL accounts can map back to a single GL account.
Each member of the A&M System assigns its own SL account numbers.
See Transaction Codes (T-codes).