{"id":4804,"date":"2017-05-10T10:20:38","date_gmt":"2017-05-10T14:20:38","guid":{"rendered":"https:\/\/carleton.ca\/facts\/?page_id=4804"},"modified":"2025-04-17T11:13:10","modified_gmt":"2025-04-17T15:13:10","slug":"account-codes","status":"publish","type":"page","link":"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/","title":{"rendered":"Account Codes"},"content":{"rendered":"<h3>What is it?<\/h3>\n<p>Account Codes are six digits in length and are the third element of the\u00a0<a href=\"http:\/\/carleton.ca\/facts\/foapal\/\" target=\"_blank\" rel=\"noopener noreferrer\">FOAPAL<\/a>. They represent the nature of each transaction, including revenue and expense, asset and liability.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-3301\" src=\"https:\/\/carleton.ca\/facts\/wp-content\/uploads\/AccountCode.gif\" alt=\"Diagram of the Account Code element in a FOAPAL\" width=\"327\" height=\"99\" \/><\/p>\n<h3>Why is it important?<\/h3>\n<p>The Account Code tells us what we spend University money on.\u00a0 There are many different revenue and expense account codes and care should be taken in choosing the appropriate code to correctly identify the transaction.\u00a0 For example,<\/p>\n<ul>\n<li>revenue (5xxxxx)<\/li>\n<li>salaries (6xxxxx)<\/li>\n<li>expenditures (7xxxxx)<\/li>\n<li>budget (726xxx)<\/li>\n<\/ul>\n<h3>Where do I find more information?<\/h3>\n<ul>\n<li><a href=\"http:\/\/carleton.ca\/facts\/2015\/putting-the-first-a-in-foapal\/\" target=\"_blank\" rel=\"noopener noreferrer\">Read the &#8216;Tips from a Financial Services Insider&#8217; post about Account Codes<\/a>.<\/li>\n<li>For questions regarding account codes please contact the\u00a0<a href=\"&#x6d;&#97;&#x69;&#108;t&#x6f;&#58;c&#x6f;&#110;&#x74;&#x72;o&#x6c;&#108;e&#x72;&#115;&#x6f;&#x66;f&#x69;&#99;e&#x40;&#99;a&#x72;&#108;&#x65;&#116;o&#x6e;&#46;c&#x61;\">Controller&#8217;s Office<\/a>\u00a0or\u00a0<a href=\"mail&#116;&#111;&#58;&#82;&#101;&#x73;&#x65;&#x61;&#x72;&#x63;&#x68;&#x46;inan&#99;&#101;&#64;&#99;&#97;&#x72;&#x6c;&#x65;&#x74;&#x6f;&#x6e;&#x2e;&#x63;a\">Research Financial Services<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is it? Account Codes are six digits in length and are the third element of the\u00a0FOAPAL. They represent the nature of each transaction, including revenue and expense, asset and liability. Why is it important? The Account Code tells us what we spend University money on.\u00a0 There are many different revenue and expense account codes [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":13,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Account Codes - Financial Administration Community Training &amp; Solutions<\/title>\n<meta name=\"description\" content=\"What is it? Account Codes are six digits in length and are the third element of the\u00a0FOAPAL. They represent the nature of each transaction, including\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/\",\"url\":\"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/\",\"name\":\"Account Codes - Financial Administration Community Training &amp; Solutions\",\"isPartOf\":{\"@id\":\"https:\/\/carleton.ca\/facts\/#website\"},\"datePublished\":\"2017-05-10T14:20:38+00:00\",\"dateModified\":\"2025-04-17T15:13:10+00:00\",\"description\":\"What is it? Account Codes are six digits in length and are the third element of the\u00a0FOAPAL. They represent the nature of each transaction, including\",\"breadcrumb\":{\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/carleton.ca\/facts\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glossary\",\"item\":\"https:\/\/carleton.ca\/facts\/glossary\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Account Codes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/carleton.ca\/facts\/#website\",\"url\":\"https:\/\/carleton.ca\/facts\/\",\"name\":\"Financial Administration Community Training &amp; Solutions\",\"description\":\"Carleton University\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/carleton.ca\/facts\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Account Codes - Financial Administration Community Training &amp; Solutions","description":"What is it? Account Codes are six digits in length and are the third element of the\u00a0FOAPAL. They represent the nature of each transaction, including","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/","url":"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/","name":"Account Codes - Financial Administration Community Training &amp; Solutions","isPartOf":{"@id":"https:\/\/carleton.ca\/facts\/#website"},"datePublished":"2017-05-10T14:20:38+00:00","dateModified":"2025-04-17T15:13:10+00:00","description":"What is it? Account Codes are six digits in length and are the third element of the\u00a0FOAPAL. They represent the nature of each transaction, including","breadcrumb":{"@id":"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/carleton.ca\/facts\/glossary\/account-codes\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/carleton.ca\/facts\/glossary\/account-codes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/carleton.ca\/facts\/"},{"@type":"ListItem","position":2,"name":"Glossary","item":"https:\/\/carleton.ca\/facts\/glossary\/"},{"@type":"ListItem","position":3,"name":"Account Codes"}]},{"@type":"WebSite","@id":"https:\/\/carleton.ca\/facts\/#website","url":"https:\/\/carleton.ca\/facts\/","name":"Financial Administration Community Training &amp; Solutions","description":"Carleton University","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/carleton.ca\/facts\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"acf":{"banner_image_type":"none","banner_button":"no"},"_links":{"self":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/4804"}],"collection":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/comments?post=4804"}],"version-history":[{"count":3,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/4804\/revisions"}],"predecessor-version":[{"id":8724,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/4804\/revisions\/8724"}],"up":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/13"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/media?parent=4804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}