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.
The kind of account, for example, checking, savings, or mortgage.
An investment, retirement, education or other type of account or a Watch List.
Name associated with the different kinds of accounts used in a PeopleSoft General Ledger, such as Asset, Liability, Equity, Revenue, and Expense.
In Account Summary, the designation indicates the type of account or contract that has been established and helps define ownership roles and the tax qualification status of the account or contract.
Account type identifies investments registration. Common account types include: Non-Registered (a regular investment account), RRSP, Self- Directed RRSP and RESP.
When placing an order through this site, you must be sure to select the proper Account Type for the position you wish to trade. If a particular position resides in your cash account, for example, this site will automatically reject a sell order that specifies your margin account, and vice versa.