Defining accounting details for compatible units

Define accounting codes to categorize financial transactions associated with compatible units when reporting financial accouting information. Accounting codes defined on this screen will be available in lookups for the Accounting Code field on the compatible units library record view and the Work Points tab for CU Estimates screen. Only accounting asset codes listed on this screen are valid for compatible units functionality.

Select Work > Projects > Compatible Units > Compatible Units Accounting Codes.
Click New Record.
Specify this information:

Accounting Code

Specify a unique code identifying the accounting code record, and then specify a description in the adjacent field.

Organization

Specify the organization of the accounting code.
Specify this Accounting Code Details information:

Regulatory Account

Specify the regulatory account to associate with this accouting code for financial reporting if required by an external regulating organization like the Federal Energy Regulatory Commission.

CapEx

Optionally, select this check box to indicate this accounting code is associated to at least one fixed asset for financial reporting purposes.

Install GL

Optionally, specify the general ledger accounting code associated with the installation of an asset. This code is used to organize transactions when financial statements are prepared.

Remove GL

Optionally, specify the general ledger accounting code associated with the removal of an asset. This code is used to organize transactions when financial statements are prepared.

O & M GL

Optionally, specify the general ledger accounting code associated with the operation and maintenance of an asset. This code is used to organize transactions when financial statements are prepared.

Salvage GL

Optionally, specify the general ledger accounting code associated with the residual value of an asset no longer in use. This code is used to organize transactions when financial statements are prepared.
Select the Out of Service check box to indicate the accounting code should not display in compatible units accounting codes lookups across the system.
Click Save Record.