What Is a Source Code?
A source code identifies an event that creates a transaction. Events that might create a transaction include an expense distribution, vendor payment, or cash receipt. You load system-defined source codes that are associated with subsystem transactions. You can also assign a source code to a transaction that originates in General Ledger to identify the reason for a manual entry. As an option, you can define your own unique source code to represent a specific type of transaction.
Example
The following table lists the pre-defined source codes for Accounts Payable.
| Source Code | Description |
|---|---|
| AC | Vendor Invoice Accrual |
| AD | Vendor Invoice Distribution |
| AP | Vendor Payment |
| BE | Vendor Bill of Exchange |
| VP | Void Vendor Payment |
How are Source Codes Used?
Source codes are used to identify and group similar transaction lines for reporting and inquiry. When you enter a transaction, the application verifies that the source code you entered is defined in General Ledger.
You can also assign transaction attributes to source codes. Using Attribute Matrix attributes