General ledger codes

General ledger codes:

are used to uniquely identify general ledger accounts
are usually six digits long but will allow up to 15 digits.

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

Accounts starting with:

0 - 3 are normally profit and loss accounts.
4 - 9 are balance sheet accounts.
0, 8 and 9 usually have credit balances.

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.