Existing Chart Rules
Rutgers’ chart of accounts lists the names of the accounts that the university has identified and made available for recording transactions in its general ledger (GL), the recordkeeping system for the university’s financial data. The GL provides a record of all financial transactions and is used to prepare Rutgers’ financial statements.
The chart of accounts was designed to allow for flexibility in unit operations and reporting. It helps improve operations by ensuring the data are accurate and easily reportable across the university, and making certain that the project ledger interacts seamlessly with the general ledger.