OAKS FIN uses account codes to specify what goods and/or services are being purchased and/or sold. The main purpose of the account code is to organize financial information, segregating expenditures, revenue, assets and liabilities. The account codes are a tool used in preparing the State of Ohio Financial Statements, and are used in order to give interested parties a better understanding of the State’s financial position.
Accurate selection of the appropriate account code allows for detailed accounting of expenditures. Using this online table allows users to quickly and easily find the appropriate Expense Account code to enter into OAKS FIN. For information about retrieving a list of Revenue Account codes see Running ChartField Reports in the OAKS FIN Process Manual.
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