Account Description

Each account description record stores a 30 character description.  This description is global or system-wide and it applies to the account/sub-account combination in all divisions, departments, years and periods in which account period records exist for the account.  The description field can be changed if required by editing the account description record, but you should be aware that this change will affect all postings to the account.  Obviously, once an account is set up and activity is posted to it, the account description should be static and only minor changes should be made to it.  You should not re-use old or inactive accounts by editing the descriptions as this description will apply to all historical postings once the change is made.  Note:  The system also supports multiple alternate chart of accounts to handle situations in which you need to report financial data in formats or using account numbering schemes that differ from you main chart of accounts.


Account Type