Common Elements Used

Account

Classifies the nature of a transaction. Use for corporate accounts.

Affiliate

Used as one approach for interunit journal processing and consolidated reporting. Provides a way to map transactions between business units while using a single intercompany account.

AltAcct (alternate account) or Alternate Account

Classifies the nature of a transaction for regulatory transactions. Use for statutory accounts.

Dept (department) or Department

Use to indicate who is responsible or affected by the transaction.

GL Unit (PeopleSoft General Ledger business unit)

The PeopleSoft General Ledger unit for the PeopleSoft Contracts business unit with which this contract is associated appears by default. If you select a PeopleSoft General Ledger unit that is different from the Contracts General Ledger unit, the system creates interunit accounting entries when you run the amount-based and rate-based revenue processes. The system performs ChartField combination edits on the row using combination edit rules for the PeopleSoft General Ledger business unit entered.

This field is unavailable for contract lines that have a revenue method of Billing Manages Revenue (such as recurring contract lines). For this billing method, revenue is booked to the same PeopleSoft General Ledger business unit as the one associated to the AR accounting through its PeopleSoft Billing business unit relationship.

Oper Unit (operating unit)

Used to indicate a location, such as a distribution warehouse or sales center. Or it is used for responsibility reporting, such as a profit center.

Product

Captures additional information—useful for profitability and cash flow analysis, for example.

Project

Captures additional project ID information that is useful for project accounting.

Stat or Statistics Code

Identifies non-monetary amounts. Statistic codes are associated with a specific unit of measurement.

Valid

Upon saving the page, the system performs edit checking and selects this check box for each row representing a valid combination of ChartFields. You cannot activate a contract until every accounting line is selected as valid.