G/L Account Information

Q:  What is the difference between requesting a new object code and a new account?

A:  An account is made up of 5 different components and is 18 digits in length. The components (with number of digits in parentheses) are: Fund (2), Purpose (3), Vocational code (2), Object code (6), and Unit (5). Adding a new object code to an existing account allows the account manager to allocate additional classifications of budget or expenses as needed.