Understanding Third GL Account Numbers

The third GL account number is one of the formats that you can use when you enter an account number during data entry. Other formats that you can use during data entry include:

• Business Unit.Object.Subsidiary

• Short ID (8-digit, system-assigned number)

You might use the third GL account number as an alternative way of entering account numbers when you enter data. Typically, you use this format if you want to facilitate the conversion from your old chart of accounts by continuing to use the same account numbers from a prior system. Other reasons why you might use the third GL account number include:

• Facilitate account recoding during the year.

• Provide an account structure required for regulatory reporting.

No limitations exist for the characters that you can use for a third GL account number.

To specify the format that you are using, precede the account number with the symbol that indicates the 3rd account number format, which is specified on the General Accounting Constants form. If the third GL account number is the one that you typically use, ensure that the Symbol to Identify 3rd G/L Account# field is blank on the General Accounting Constants form. If the third GL account number is seldom used, enter a symbol such as / to identify it in the system.