The first five segments are known as the "Account String." Therefore, an Accounting Key is comprised of an Account String plus an Object Code. The first five segments of the accounting key are also ...

The following general ledger/commitment items are used to record expenses as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

For example, if your general ledger shows a cash balance of $150,000 but your bank statement shows a balance of $145,000, your reconciliation will help you identify and resolve the $5,000 difference.