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What is the difference between required and optional ChartFields?

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What is the difference between required and optional ChartFields?

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Required ChartFields are required for University accounting and reporting. Optional ChartFields are used internally by departments to track internal expenses or further specify the transaction. The Fund Code you use determines which ChartFields are required. For example, Fund 101 does not require a Dept Flex ChartField, but Fund 143 does. However you may use a Dept Flex ChartField with Fund 101 to further specify why or where the money is being used for your departmental financial tracking. Use the Required ChartFields by Fund spreadsheet to check whether a ChartField is required in your transaction.

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