What are the event types used for CHC documents and why would I use a CHC document instead of a JVC document?
A list of the CHC event types can be found here. Departments found that CHC is easier to use than JVC because of its two major features:
1. CHC applies automatic Front End Split calculation, so you do not have to manually calculate the split or enter all detailed funding profile information like JVC.
2. CHC uses compressed accounting lines so the offset lines like cash, assets or liabilities lines do not need to be entered separately like JVC.
You can compare the differences between CHC and JVC documents here.