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Account Code Hierarchy and Classification Changes in Banner and WebFinance

January 11, 2019

On Sunday, January 27, 2019, during the normal maintenance window for Banner and Web Finance, the account code hierarchy in Banner will be releveled for revenue, expense and transfer accounts.  This enhancement is being implemented to 1) ensure consistency between all charts of accounts, 2) provide an equal number of account levels for all revenue, expense and transfer accounts and, 3) enable the University to automate its financial statements.  The account hierarchy changes in Banner will only impact account roll-ups and will not impact any data enterable account currently being used in any chart.  Please refer to the Comptroller’s Office website for a visual depiction of the new hierarchy.

Hyperion reports should naturally adjust to the new hierarchy, but if you experience an issue with a particular report, please report it to so that the issue can be addressed.  Web*Finance will display new sub-totals based on Account Type Level 2 Hierarchy.

A secondary but also important element of this enhancement is the reclassification of transfer accounts (i.e. accounts 7030 – Cost Sharing-Research: Non-Salary Transfer, 7088 – Funds Transfer) from an expense categorization to a transfer categorization in Banner and Web Finance.  As such, transfers will appear below expenses as a separate sub-total in Web Financials after the upgrade.  This change will not impact transfer accounts that are considered a part of your pooled budget; it is simply a classification change. 

Should you have any questions in relation to these changes, please do not hesitate to contact me at or at 215.571.4478.