Example: Category Code 21

Suppose you want to print a report that shows data from all of your receivable accounts. You decide to use category code 21 (UDC 09/21) for receivable accounts and set up a value REC01 for Notes Receivable, REC02 for Interest Receivable, REC03 for Accounts Receivable, and so on. You assign these values to accounts in your chart of accounts. For example, you assign the value REC01 to category code 21 for each notes receivable account. You can then print selected reports that include all of your receivable accounts.

For this example, you would complete these steps:

1. Set up values for REC01, REC02, and REC03 in UDC table 09/21.

2. Use the Review and Revise Accounts program (P0901) to assign the category code values to accounts in your chart of accounts.

3. For category code 21, assign the value REC01 for notes receivable accounts, REC02 for interest receivable accounts, and so on. To assign a category code, select a notes receivable account on the Work with Accounts form. On the Revise Single Account form, select the Category Codes 21–30 tab and enter REC01 in the Cat Code 25 field.

4. Assign category code values to the remaining accounts in your chart of accounts.