psacca - ChartofAccountsOverview ChartofAccountsOverview

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Chart of Accounts Overview Chart of Accounts Overview A Chart of Accounts represents how financial  information is gathered, stored, combined and used  within a general ledger PeopleSoft Financials enables the University of Maine  System to define a Chart of Accounts that suits its  business needs in an efficient and flexible manner The components that comprise the PeopleSoft chart of  accounts and provide it with an overall structure are called  ChartFields
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ChartFields ChartFields ChartFields are used in all PeopleSoft Financial modules  to record and classify transactions entered into the  General Ledger Each Chartfield reflects one type of financial data You can enter ChartField Combinations that best satisfy  reporting requirements Rules are set for required ChartField combinations Helps prevent use of invalid ChartField combinations
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Eight primary ChartFields, but only four are required for 
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psacca - ChartofAccountsOverview ChartofAccountsOverview

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