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What is an Accounting Code?

An accounting code is a combination of up to six elements: a general ledger accountThe general ledger will normally include general ledger accounts (GLAs) for items such as income, expenses, assets, liabilities, and reserves., a single entity and up to four analysis dimensionsCustom objects that allow you to analyze the activity in your business in additional ways, such as by cost center, project, employee, or any other business entity important to you., as recorded on a specific transaction line item.

An entity is one of the required elementsThe elements of a full accounting code consist of a general ledger account, an entity, and up to four analysis dimensions. of an accounting code. The entity of an accounting code represents one, and only one, of the following elements:

• Account
• Product
• Bank Account
• Tax Code

Note:

Note

In FinancialForce Accounting, all companies in an organizationA deployment of the Salesforce/FinancialForce applications with a defined set of licensed users. Your organization (org) includes all of your data and applications, and is separate from all other orgs. share the same chart of accountsA collection of general ledger accounts, entities, and analysis dimensions, organized into a reporting structure..

Example

For example, you might have any of the following accounting codes on a transaction line item:

• GLA + Bank Account (Bank Account Checking + HSBC)
• GLA + Tax Code (Sales Tax + Boston City Tax)
• GLA + Product + Dimension 2 (Sales Parts + Auto Com Clutch Kit 1989 Dodge Raider + North)
• GLA + Account + Dimension 1 + Dimension 2 (Accounts Receivable Control + Hogan Repairs + Chrysler + South)

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