Statistics Code Method

An alternate way to track statistical amounts is by using statistics codes. This eliminates the need to enter an additional journal entry when there are statistics associated with the transaction. This is because you associate a statistics code with a monetary account. As with other ChartFields, there is a table of valid statistics codes that you can add or update on the Statistics Codes page. These can include items such as floor space, full-time equivalent workdays, shipment size, or generic units.

You create a journal entry where you enter the statistics on the same journal line as the corresponding monetary entry.

For example, using this method, a journal line that records the charge-back of rent expense to an individual department can include the dollar amount of the rent to be charged and the amount of floor space used to determine the charge all on one line.