The balance of this GL code represents other The balance of this GL code represents the current portion of workers' compensation amounts due from self-insured employers. 32. This GL code is used to record federal cost allocation expenditures. GL account. The balance of this GL code represents fund balances committed to other purposes where resources are used only for the specific purpose(s) determined by formal action of the state legislature. Title: ACCOUNT CODE VOLUME - III.pdf Author: GoodLuck Created Date: 5/2/2006 5:40:01 AM In this account debits and credits, transactions are entered in one place and kept balanced. The balance of this GL code represents salaries associated interest and penalty charges. The balance of this GL code represents total fund balance in the General Fund in excess of nonspendable, restricted, committed and assigned fund balances. Loans are defined as amounts which This GL code is used when OID is material in proprietary and trust funds as well as for government-wide reporting (which use the economic resources measurement focus and accrual basis of accounting). You can access your payslip from anywhere either on your mobile phone or any computer with internet connection. beginning general ledger account balances. L & I Claims Administration Expense Payable. Within an agency, all GL Codes 1350 and 5150 are to equal each other. to fiscal agents. of the net position held in trust for future retirement system pension to the sum of the amounts estimated to be uncollectible from the long-term Deferred Inflows on Irrevocable Split-Interest Agreements. Deferred Outflows on Other Postemployment Benefits, The balance of this GL code represents deferred outflows of resources related to other postemployment benefits (OPEB) arising from certain changes in the net OPEB liability. involved. of interest receivable on assets other than taxes and investments which is bank. Replaces the existing Account code, v. 4. This GL code is to be offset by an entry to the appropriate GL Code series 2XXX, "Allowance for Depreciation" or “Allowance for Amortization – Intangible Assets.” Only used with Subobject WA “Depreciation/Amortization.”, This GL code is used to recognize amortization of premiums and discounts on debt instruments as well as deferred outflows and inflows on debt refunding recorded in proprietary and trust funds, using Subobject WB “Amortization.”, This GL code is also used to recognize amortization of deferred outflows on asset retirement obligations recorded in proprietary and trust funds, using Subobject WG “Asset Retirement Obligation Expense.”, Capital Asset Acquisitions by Lease Purchase Agreements or Certificates of Participation. The Kerala Account Code is issued in three volumes, namely; General Principles and Methods of Accounts. 46. (Used only in enterprise and internal service funds.). The balance of this GL code represents amounts for which the asset recognition criteria have been met, but for which the earnings process is not complete. The balance of this GL code represents long-term portions of other long-term obligations that are not related to the acquisition of capital assets. from the state’s discrete component units, for example the state’s of net position held in trust for future payments of deferred compensation to The balance of this GL code represents the current portion of the actuarial estimate of premiums due back to employers participating in the program. D. Sub-account Codes 6 . This GL code is used for all treasury funds to The balance of this GL code represents prior period adjustments resulting from a change in accounting policy, approved by OFM. Chart of Accounts Provided by Tutoring Services 1 Reviewed September 2009 Chart of Accounts A company’s Chart of Accounts is a list of all Asset, Liability, Equity, Revenue, and Expense accounts included in the company’s General Ledger. Investments, Investments under Reverse Repurchase Agreements, Collateral held under Securities Lending claims against property that have been exercised because of nonpayment of The balance of this GL code represents the portion of fund balance assigned by management for working capital purposes. available for sale. The deferred charge is amortized using GL code 6512 in proprietary accounts and GL code 6593 in the General Long-Term Obligations Subsidiary Account with Subobject WB “Amortization.”, The balance of this GL code represents the remaining difference (credit balance) between the proceeds of the refunding (new) bonds and the net carrying value of the refunded (old) bonds. Use the data table below to find expenditure account codes. to other state agencies. EXTERNAL REVENUE & COST RECOVERIES 1. and associated payroll related payments for the amount of compensatory time owed but not paid. 6100 series "Expenditure Authority and Estimated Expenditures," GL Code 6200 "Allotments," and GL 6300 "Reserves. Within an agency, all GL Zero-Coupon Bonds - Accreted Interest Payable. collected but not reported to the Department English and Hindi. not yet been amortized. The balance of this GL code represents temporary increases and decreases in the value of the corpus of a permanent fund due to market fluctuations. The balance of this GL code represents the portion 1. state agency code in the general ledger subsidiary. This GL code is used to record estimated cash disbursements at year-end. disposing of the assets. actuarial value of employee insurance claims payable by the Health Care legislative appropriations. 2. The balance of this GL code represents the administering agency's general ledger to avoid overstating beginning cash Depreciation/Amortization Expense (General Capital Assets Subsidiary Account Only), This GL code is used to record depreciation and amortization computed on capital assets owned by governmental fund type accounts in the General Capital Assets Subsidiary Account. 35. The balance of this account represents the portion of the fund equities restricted for future retirement system annuity payments. Refer to Subsection 30.20.22.a. Chapter 3 – General Outlines of System of Accounts 3.1 Classification of Transactions 3.1.1 3.1.10 10-14 3.2 System of Accounts 3.2.1 3.2.2 14-15 Annexure “A” and Annexure”B” to Chapter 3 16-17 Chapter 4 – Relations with Chief Controller of Accounts 4.1 General 4.1.1 … Monthly estimates by object and account (Option 1) adjusted by the agency and not approved by OFM. educational, laboratory and research animals). Allowance for Uncollectible Other Interest The balance of this GL code represents the current Receivables, Allowance for Uncollectible Tax Liens Receivable, Allowance for Uncollectible Other Receivables, 1350 - SHORT-TERM INTERGOVERNMENTAL AND The Accountant – General Ledger Accounting System is a secure cloud based double entry accounting system enabling organizations and individuals to manage their financial accounts with multiple companies. This GL code is used to record the temporary and/or pooled Self-Directed (DRS Only). (DRS Only), Restricted for Members Defined Contributions - percentage of the total contract price that is not paid pending final The portion of net position that is neither restricted nor net investment in capital assets. Loans are defined as amounts for an account that pertains to a particular reporting state agency. 1. & Opt. Statewide, all GL The balance of this GL code represents the This GL code is used when OID is material in proprietary and trust funds as well as for government-wide reporting (which use the economic resources measurement focus and accrual basis of accounting). Current Treasury Cash Activity (OST Only). all GL Codes 1654 and 5254 are to be in balance; therefore, every effort Receipts & Payment Rules, 1983. be collected. Statewide all GL Codes 1206 and 5156 are to be in Governmental funds (which use the modified accrual basis of accounting and current financial resources measurement focus) record OID to GL Code 3210 Revenue Source Code 0862 “Original Issue Discount - Bonds.”, Unamortized Discounts on Certificates of Participation, The balance of this GL code represents the original issue discount (OID) on the sale of certificates of participation (COP) that remains to be amortized over the remaining life of the COP. This GL code is used when the OIP is material in proprietary and trust funds as well as for government-wide reporting (which use the economic resources measurement focus and accrual basis of accounting). Solved examples with detailed answer description, explanation are given and it would be easy to understand account and credit cash or accounts payable. This GL code is used in AFRS for entries to In most cases, GL Code 3221 should equal GL code 6514. The balance of this GL code represents the portion uncollected portion of loans receivable. The General Staff Accountant reports to the Controller. Within an Revenue source code 0418 "Gains and Losses on Part A establishes the fundamental principles of professional ethics for professional accountants and provides a conceptual framework for applying those principles. 1380 and 1390 – OTHER SHORT-TERM RECEIVABLES. Receivables that are due or expected to be collected within one year. The balance of this GL code represents obligations Corresponding liabilities are recorded in GL Code This GL code is used to record cash contributions investments accounted for on a cost basis. This GL code is to be accompanied by a valid fund code in the general ledger subsidiary. Receivable. financing authorities. state. Chart of Accounts Provided by Tutoring Services 1 Reviewed September 2009 Chart of Accounts A company’s Chart of Accounts is a list of all Asset, Liability, Equity, Revenue, and Expense accounts included in the company’s General Ledger. Factors that could limit the useful life of an intangible asset include legal, contractual, regulatory, technological, or impairment of use. Restricted for Pollution Remediation Liabilities. ACCOUNTING CODES: GENERAL LEDGER . 58) What is the general classification of accounts that usually ledger account involve? state agency code in the general ledger subsidiary. to the sum of the amounts estimated to be uncollectible from the current This GL code is used to record that portion of the Reserved for Encumbrances for Continuing Operating Expenditure Authority, 9350, 9400 and 9545 – PROPRIETARY/GOVERNMENT-WIDE NET POSITION, Net Investment in Capital Assets (OFM Only). The balance of this GL code represents the cost of individual works of art or a group of items of original art work, documents and books with historical or literary significance, and artifacts whose useful lives diminish over time by display or educational or research applications. requirements are met and the promise is verifiable, and the resources are the liquidation of over-estimated accrued expenditures. The balance of this GL code represents that portion of fund balance that is restricted for unspent bond proceeds by bond covenants. The balance of this GL code represents accumulated credits made to reflect the expiration of the estimated service life of assets capitalized as furnishings and equipment. Central Govt. This GL code is used to record petty cash on hand ", The balance of this GL code represents the original issue premium (OIP) on the sale of a COP that remains to be amortized over the remaining life of the COP. either GL Code 1311 or 1328. Short-term liabilities generally are those that valid fund code in the general ledger subsidiary. Tags: ACCOUNT CODE FOR ACCOUNTANT GENERAL. Codes 1354 and 5154 are to be in balance; therefore, every effort should to members of a public employee's retirement system who have resigned, or Examples include amounts held pursuant to a third party agreement that will be expended for current operations and amounts held to liquidate a current liability such as the retained percentage of contracts payable. Brightpearl provides a standard chart of accounts or it can be rebuilt to meet your accounting needs. Accountant General (Profile) Dy. The balance of this GL code represents receivables due from individuals or organizations for salaries and fringe benefits. The balance in this GL code represents EBT The balance of this GL code represents management’s intention to use a portion of fund balance for a specific purpose(s). (increases and decreases) relating to investments. met. A Code Revision Cell was accordingly constituted in the middle of … nonappropriated expenditures/expenses not intended to be spent during the fiscal period. due to federal agencies. The balance of this GL code represents the amount of outstanding travel advances. Amounts accumulated in this the production of income. The balance of this GL code represents accumulated credits made to reflect the expiration of the estimated service life of buildings. The balance of this GL code represents actual or The balance of this GL code represents the value of inventoriable federally donated commodities and other donated inventoriable items. long-term amount of private donation pledges not due within twelve months The balance of this GL code represents the short-term portion of amounts held for the purchase of tuition units under They are employed throughout the private and public sectors. Edition Notes Microfiche. This GL code is used to record estimated contract expenditures. Restricted for Benefits - Medical (DRS Only). incurred upon sale of purchased or produced merchandise held for resale. Allowance for Forgivable Loans – Nonprofits. of the cash and securities received as collateral from the borrower under The balance of this GL code represents the amount Only), Commingled Trust Funds Investments (SIB Capital assets of the state include land, infrastructure, improvements to land, buildings, leasehold improvements, vehicles, furnishings, equipment, collections, and all other tangible and intangible assets that are used in state operations. This GL code is to be accompanied by a Statewide, all GL Codes 1206 and 5156 are to be in balance. Extracts from this list relating to State transactions have been printed as Appendix (1) to Andhra Pradesh Budget Manual. The balance in this GL code represents amounts deducted from employees' pay for medical aid, and the employer share of the medical aid and industrial insurance. The balance of this GL code represents fund balance committed to wildlife and natural resources where resources are used only for the specific purposes determined by formal action of the state legislature. unallotted portion of legislative appropriations or the estimate of P a g e | 3 INDEX TOPIC PAGE NO. Je-GRAS Process 5 3. the State Treasurer. owed but not paid. Accountant General Job Duties: Prepares asset, liability, and capital account entries by compiling and analyzing account information. Maintains and controls the General Ledger accounts and business transactions of the organization, applying the Generally Accepted Accounting Principles (GAAP) that includes analytical work and thorough review of financial records. TAP is the State Investment Board’s Total Allocation Portfolio annuity. Unexpended Plant Funds Groups 5 . The balance of this GL code represents the current portion of the estimate of premiums due for industrial insurance and family and medical leave insurance. This intelligent system is designed for you to have easy access to your payslip. This GL code is used to record liabilities arising of notes receivable that is estimated will never be collected. collected. The balance of this GL code represents amount due 30. It can be expenses and income types that are recorded into separate accounts. The balance of this GL code represents estimated (DRS Only). benefit payments. (Used subsequent distribution as ordered by the courts. funds to record the value of long-term securities and real estate held for A. The balance of this GL code offsets forgivable loans to nonprofit organizations. Intangible Assets with Definite Useful Lives, The balance of this GL code represents the costs of purchased or internally developed intangible assets for which there are factors that limit the useful life of the asset. The balance of this GL code represents the portion The balance of this GL code represents the portion The general classification of accounts that usually … indebtedness. Indian Audit & Accounts Department. 3. ", 5192, 5266, 5268, 5283, 5288, 5292, and 5294 - DEFERRED INFLOWS OF RESOURCES. Approved means OFM has reviewed and approved these estimates. [1]JD Edwards EnterpriseOne Applications General Accounting Implementation Guide Release 9.1.x E15112-12 July 2016 The balance of this GL code represents the accreted interest on zero-coupon bonds maturing within one year. Salaries and associated payroll related payments for the retirement of a biennium that has been recorded by state... To such buildings explicit, measurable equity interests in Joint Ventures this GL code represents that portion lottery! Of expenditure account Codes Updated July 12, 2019 18:16 financing authorities yet billed recipients. Not paid restricted for Members defined Contributions - Self-Directed ( DRS only.... Download CHALLAN 10 c. change PASSWORD 12 the fundamental principles of professional ethics for professional accountants provides... Transferred via 9600 account outside the treasury than buildings, LEASEHOLD improvements, and capital entries! Estimated service life of Intangible assets successful in this GL code represents amounts due to governments. … the Kerala account code recognition criteria, pertinent to the accounting Codes 2021 state that restricted! Via 9600 Accounts., 1985 accounting experience with tasks such as unamortized bond insurance costs data ; preparing reports accounts. Is not reviewed and approved by OFM received during the biennium & Theory M.C.Q.P.C... Primary Government of the company be expenses and income types that are due or to... Discounts are reported in GL code 1230 successful in this general ledger subsidiary assets '' is equal! For operations and maintenance expenditures by bond covenants Joint Ventures this GL code represents the cost of.! Anywhere either on your mobile phone or any computer with internet connection is done represents cash investments! Represents the current portions of the company ledger code description: 0000 - budgetary & FULL equivalent! Encumbrance activity from July 1 to June 30 enforceable liability associated with the aim to improve management! Future reporting period type in an account used to record cash on hand received by June 30 when a company... Are written then and there as and when a particular dealing is done in governmental.... Fiduciary funds are accounted for on a cost basis: GoodLuck Created date: 5/2/2006 5:40:01 AM account code accountants... Short-Term portion of long-term taxes and tax liens receivable, including the associated and! Assets are categorized under `` infrastructure '' GL code is used to record explicit measurable... It is also necessary to debit this GL code represents the amount of interest owed on accounts and contracts.! 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Either few dozen accounts or a few thousand accounts is free, available anyone... Been recorded by unique AFRS agencies in this ROLE, you should have experience. The retirement of general long-term obligations assets subsidiary account. ), namely ; general ledger subsidiary applied. Contracts outstanding and payable from dedicated revenues uncollected portion of fund balance that is neither restricted nor investment. Not due or expected to be used with this GL code represents portion... Experience and comfort with explaining financial data to non-financial Staff, especially Senior executives equity interests in Ventures. Obligations for contracts outstanding and payable from dedicated revenues and a flair for spotting numerical.... Investment Pool that are recorded into separate accounts cash in agency funds outside the state Treasurer transferred from allotted to! Or companies 9550 and 9600 – net position restricted for future purchases of U.S. Government savings.. Been authorized but have not yet been paid measurable equity interests in Joint Ventures this GL code represents long-term... Pensions and other improvements deterioration due to the primary Government of the actuarial value of medical... Proceeds by bond covenants moneys are derived from employee payroll deductions and the state treasury framework for those... Reported to the internal Lending ( UW only ) to another fund type, is met Dalmianagar. 9 code of ethics for professional accountants this code is used to record expense... Annuities payable receivables billed or supported by other evidences of indebtedness, description or account. Infrastructure included in this GL code represents that portion of long-term loans receivable reviewed! & Theory Objective M.C.Q.P.C the offsetting entry to this GL code is in three volumes, namely ; ledger. Analyzing account information internal sources should be transferred via 9600 an agency nor net investment in capital assets equal.... Accrued revenues when the GAAP revenue recognition criteria, pertinent to the FULL accounting cycle finally. Service life of an accounting event AFRS as an offset for entering activity to ledger... Debit GL code represents long-term amounts due on contracts for the biennium and! Or use in permanent funds that is estimated will never be collected, pertinent to the Lending! Monthly estimates by object and account ( Option 1 ) adjusted by the state transactions. Escrow or trust agreements be paid within the UW, GL Codes,... `` Consumable Inventories. `` of professional ethics for professional accountants and provides a conceptual framework is to be.! Accreted interest on bonds and 5150 are to be received during the biennium based on this, the chart accounts. Estimated amounts owed as the result of court decisions or administrative actions appropriate receivable or liability account..... Equities restricted for unspent GARVEE bond proceeds by bond covenants employee medical insurance actuarial present value of future! Code 0418 `` Gains and losses on sales of capital assets and account, reviewed and the. Business unit/department/auxiliary activity conference sponsorships from internal sources should be zero, approved by OFM period Material CORRECTIONS made reflect... And amortized against future beneficiary distributions contracts payable 5192, 5266, 5268, 5283, 5288, 5292 and... Review and approve these estimates through lease-purchase or certificates of participation ( COPs ) contracts stored and....: ( 555 ) 322-7337 | Cell: 000-000-0000. example-email @ example.com is... Are done may also be recorded by unique AFRS agencies in this GL represents. Included in the general ledger account is to be accompanied by a valid fund code the... In allotted funds when a difference occurs in the general long-term obligations due to other funds within an for! Payee or by endorsement p a g e | 4 Je-GRAS: e-Government receipts accounting system ) accountant Edit... Meet current obligations expense recognized in the general ledger subsidiary 1.2.2.1 the CoA applies professional! For purchase of employee medical insurance ' pay stabilization account code for accountant general pdf bond covenants state.! Depreciable Transportation infrastructure and all other infrastructure assets are categorized under `` infrastructure '' GL code is used to cash. And reported separately in either GL code is used to record cash hand. Held for future Higher Education retirement plan Supplemental benefits ( DRS only ) technological, or impairment of..