In modern accounting systems, an accounting code serves as a numerical reference given to each account, facilitating the streamlined recording of voluminous accounting transactions by computer.
Cost codes are standardized numerical systems used in accounting and project management to categorize and track specific types of expenditures.
An expenditure code is a unique identifier used in accounting to categorize and record expenses based on their nature and function within an organization, allowing for efficient budgeting and financial reporting.
A material transfer note is a form used to record the transfer of materials from one accounting code to another. It is a prime document that contains essential details including the description of the material, commodity code, job number, accounting codes to be credited and debited, and the value of the material transferred.
Materials requisition, also known as stores issue note or stores requisition, is a document used in organizations to authorize the transfer of materials from stores for specified uses.
