MAIN MENU ---- FRS TUTORIAL
What is a transaction code (TC) used for, and what are the different types of transaction codes that appear on screen V23?
A transaction code is a two digit code used to identify the type of transaction being processed for a certain budget.
Different types of transaction codes and what they pertain to:
20's Range - Budgets
30's + 40's Range - Money received or spent (Receipts + Disbursements)
50's Range - Encumbrances (also referred to as open commitments)
60's Range - Journal Entries or Interdepartmental Billing --- (two sided; debit and credit entries)