Set Up Account Classification - Fund Equities

To set up account classification (fund equities) for G/L account summary codes, follow the steps below.

  1. Go to Maintenance > new world ERP Suite > Chart of Accounts > G/L Account Summary Codes.
  2. On the G/L Account Summary Codes page, drill down to the G/L Account Summary Codes > Base Financial > Fund Equities > Classification – Fund Equities folder.
  3. Click the Classification – Fund Equities folder to open it. If no items or sub-folders exist, the "No results" message appears beneath the folder.
  4. While the Classification – Fund Equities folder is highlighted, click New to create a new code. The G/L Account Summary Code dialog box appears where you can enter the necessary information for each Fund Equity Classification. To edit an existing code, click the code description hyperlink to open the G/L Account Summary Code dialog box.
  1. In Code, type an alphanumeric name for the code type, for example: 900. The maximum character length is 16; the minimum is 1. There are no character restrictions. The code must be unique by category and type.
  2. In Description, type a textual description for the code, for example: Fund Balance. The maximum character length is 64; the minimum is 1. There are no character restrictions. This is the description that displays on all pages and reports.
  1. Select a Report Sequence Number, which is the order in which the code displays in the list for reporting purposes, for example: 5. The available options are 1 through 255. The default is 1. The number must be unique by level.

    It is recommended that you space out the sequence numbers between codes to allow for future insertions. Most users find that starting at 5 and incrementing by 5 accomplishes this.

  2. Click Save/New after you type an entry and want to add another code definition. Click Save after you type the last entry.
  1. Click Cancel to close the dialog box. The new code appears as an item under the Classification – Fund Equities folder; when you add a fund equity type to it, the item becomes a Classification – Fund Equities sub-folder.
  2. Repeat the above steps 4-9 until all account classification (fund equities) are entered.
See Also

Account Classification – Revenues

Account Classification – Liabilities

G/L Account Summary Codes