The Chart of Accounts is the numbering system used to classify all transactions entered into the University’s Financial Management System “SunAccount”. This information is then summarised to satisfy both internal and external reporting requirements.
Every transaction entered into SunAccount consists of two elements:-
2. Account Codes
Account codes are used to classify each type of financial transaction within SunAccount, according to its nature.
The Account code is a four digit number classified in the following ranges:-
1000 - 1999 Asset accounts
2000 - 2999 Liability accounts
3000 - 3999 Equity accounts
4000 - 4999 Income accounts
5000 - 5999 Salary expenditure accounts
6000 - 6999 Non-Salary expenditure accounts
Chart of Accounts Guide
The following account codes are available to management centres:-