The transaction chart of accounts is the chart of accounts for the primary ledger and is referenced when users enter Accounting Flexfields for their transactions. This chart of accounts is employed when users enter and maintain the data required to support the daily operations of a company.

For example, a receivables invoice is recorded in the system. The item, tax, freight, and other Accounting Flexfields that users view and enter for the invoice contain the structure and values from the transaction chart of accounts. Similarly, recording the receipt of goods and invoices as well as the issue of payments are all done in the context of a transaction chart of accounts structure.

Values for Accounting Flexfield sources stored in the transaction objects are taken from the transaction chart of accounts. Use these source values in the AMB account derivation rules and conditions.