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The State of Washington requires that public schools and Educational Service Districts (ESDs) use a governmental fund-based accounting system using accounting rules defined by the state. These rules specify, by fund type and fiscal year, the general ledger account values that can be used, when a subsidiary account is required and its format, and the subsidiary values and value combinations to be used. You may also use agency-defined accounting practices to augment the state-defined rules. The accounting system provided must support both stated-defined and agency-defined accounting practices.
The Equity GL Setup screen allows you to create the GL rules for assigning the equity summary account for a selected fund and fiscal year. The Operating GL (target) and Equity GL (source) and the associated rules, such as the dimension, position, length, and beginning and ending values, are entered through this screen.
Page Updated 8/06