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What is the versatility of optional ChartField values?

chartfield values versatility
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What is the versatility of optional ChartField values?

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Optional ChartField values allow you to track expenses and revenues within your department. For example, departments can choose to use the Dept Flex field to meet their own reporting requirements. Values for Dept Flex fields must be requested for use from General Accounting. Another optional ChartField is UFID, which can be used to track financial information by individual faculty member or employee.

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