GL/SL Accounts
GL (general ledger) accounts maintain the “cash” balance indicated by the account control 1100. The only transactions processed on a GL account would be for an “actual” cash transfer, deposit of ledger four account (04XXXX) revenues and for financial reporting purposes.
SL (subsidiary ledger) accounts transact all other revenues, expenditures, budget allocations and open commitments (encumbrances).
|
Text Only Version | Accessibility Problems?
