The Organization Reversion tab defines two reversion accounts: the budget reversion account and the cash reversion account. The definitions are for specific university organizations as defined within the Chart of Accounts hierarchy and for a specific fiscal year. The accounts included are determined by chart and organization.
Organization Reversion tab field definitions
Title |
Description |
Active Indicator |
Indicates whether this org reversion process is active or inactive. Remove the check mark to deactivate. |
Budget Reversion Account |
Required. The account code that identifies the specific account to be used for budget reversions. Existing accounts may be retrieved from the lookup icon. |
Budget Reversion Chart |
Required. The code that identifies the Chart of Accounts that the budget reversion account belongs to. Existing charts may be retrieved from the lookup icon. When the parameter ACCOUNTS_CAN_CROSS_CHARTS_IND parameter is set to N the system derives the chart and this value is read-only. |
Carry Forward by Object Code Indicator |
The box is checked when the organization reversion category-defined object code(s) are used for carry forward. Clear the check box when the unallocated object code is used for carry forward. |
Cash Reversion Account |
Required. The code that identifies the specific account to be used for cash reversion. Existing accounts may be retrieved from the lookup icon. |
Cash Reversion Chart |
Required. The code that identifies the Chart of Accounts that the cash reversion account belongs to. Existing charts may be retrieved from the lookup icon. When the parameter ACCOUNTS_CAN_CROSS_CHARTS_IND parameter is set to N the system derives the chart and this value is read-only. |
Chart Code |
Required. The chart code for this reversion process. |
Organization Code |
Required. The organization code for this reversion process |
University Fiscal Year |
Required. The university fiscal year for the designated reversion account |
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