Expense codes are used to track expenses associated with
the cost of doing business—costs
resulting from revenue-generating activities.
Depending on the applications purchased by your company,
expense-code-related tabs can display from either eFinancials or ePO menus.
Setting up expense codes is required. The expense
codes that you enter into this system can be either mnemonics or the actual
GL account number; the codes are associated with a general ledger account
number. You are able to create expense codes for accounts payable and
accounts receivable. You can associate multiple entitiescompanies
for one expense code; however, you cannot set up multiple general ledger
accounts for one entitycompany.
Setup Prerequisites
Properties
must already be set up and available for selection. Refer to Properties
Overview for
more information.
EntitiesCompanies
must already be set up and available for selection. Refer to Entities
OverviewCompanies
Overview
for more information.
General ledger accounts must already be set up and available
for selection. Refer to Accounts Overview
for more information.
Shortcut
Be sure to investigate using the Create
Expense Code for GL button—a
shortcut—to
create expense accounts based on the chart of accounts, which is associated
with an entitycompany.
The process creates expense codes for income and expense accounts. Expense
codes for other account types, such as asset, liability, or capital accounts,
must be manually added.
Note 
Setup Details