Configure FASB Codes
Access this screen by selecting Tool #252: Configure FASB Codes for Investments.
This is the first of two screens used to configure codes to indicate the FASB (Financial Accounting Standards Board) standard designation for each individual investment. Following are the typical codes used currently; you may configure any codes as needed:
001 Held to Maturity
002 Trading Account
003 Available for Sale
When printing the Investment Register/Schedule report, you may choose to sort the report based on FASB code, to group and subtotal by the FASB code assigned to each investment.
Enter a three character code (both numbers and letters are allowed) and use Enter to proceed to the second screen.