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General ledger codes:

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The general ledger coding, that is, the internal structure of the general ledger, is defined by your organisation. Each organisation can be different, but the following standards are suggested:

First digit of G/L Code

Classification

0

Income

1, 2 and 3

Expenses

4

Clearing accounts

5 and 6

Assets

8

Liabilities

9

Ownership, donations and other funds

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You can also customise how the budget columns appear for different general ledger codes using the luGeneralLedgerClassification lookup table. See luGeneralLedgerClassification lookup table in the Finance manual.