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Major Head Code : The first 3 digit of the GL code
Minor Head Code: The first 5 digits of the GL code
Detailed Head Code: The 7 digits of the GL code
Data Table
*GL Code | *Name | Description | Parent GL Code | *Type | *Classification | *Major Code | Subledger Type if control code |
---|---|---|---|---|---|---|---|
1100101 | Properties- General Tax | 11001 | Income | Detailed code | 110 | ||
4102001 | Council Hall | 41020 | Assets | Detailed code | 410 |
Procedure
Data Definition
GL Code: The Detailed Head code consist of 7 digits numeric (This is of three levels; The First level of 3
digits represent the Major Head, the next 2 digits represents the Minor Head and the last 2 digits represent the Detailed Head).Name: The Account Head “Name” of the Ledger Code
Description: A short description for the “Name” of the GL Code
Parent GL Code: If the GL code is the child of the other GL code then the parent GL code to be updated. (The Minor Head Code of 5 digits representing the second level of the code structure)
Type: To specify the GL Code if it is for Income, Expenses, Assets or Liabilities
Classification: To indicate whether it is Major, Minor or Detailed Code
Major Code: The First 3 digit of the code representing the first level of code structure
Subledger Type if Control Code: The subledger type associated with GL code (if it is Contractor Payable code, then value should be as "Contractor")
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