Edit Code

Account balances in the General Ledger System follow normal accounting conventions for debits and credits.  Asset and expense accounts normally have debit balances, while liability, retained earnings, and revenue accounts normally have credit balances.  Standard accounting procedures also dictate that debit and credit signs usually are not printed following account balances on Financial Statements unless the balance of an account is the opposite of its normal balance.  The edit code controls the printing of debit and credit signs on Financial Statements. 

Valid values are:

Y - Print CR for credit amounts

N - Print DR for debit amounts

In general, lines containing asset and expense account amounts are assigned an edit code of Y so that a credit sign (CR) is printed only if the line amount contains a credit balance.  Likewise, liability, retained earnings, and revenue accounts are assigned an edit code of N so that a debit sign (DR) is printed only if the line amount contains a debit balance.