One thing that helps in understanding the revenue classifications is to look at the expense classifications. We have options of classifying expenses naturally or functionally. Natural classification ...

General accounts are used to record actual balance sheet, income, expense, and transfer transactions. The general account provides information about the classification of a particular transaction by ...

The National Association of College and University Business Officers (NACUBO) created these classifications to standardize the reporting across colleges and universities.

NACUBO — Expenditure Classification UTSA uses the following Functions in accordance with the functional expense classifications developed by the National Association of College and University Business ...