Definitions for "Account Type"
Keywords:  resp, peoplesoft, rrsp, revenue, ledger
Most people don't use account types, but they can be useful to classify, well, the type of account you're dealing with: 10=Assets 20=Liabilities 30=Control accounts 40=Fund balance 50=Revenues 60=Labor 70=Expenses 80=Transfers 90=Fund additions 95=Fund deductions There are further breakdowns within these categories, but you get the picture. For further help on Account Types please contact the Business and Financial Services Office.
Used to describe a type of account. For example, in kinetic Manager there are user accounts and entity accounts.
The type of account, checking or savings, represented by the Account Number.
describes the ownership of an non-personal account (i.e. system account, software account, group account)