A Chartfield is the individual component or field, which defines the accounting structure used in UTShare/PeopleSoft.
Chartfields are assigned unique values used to identify transactions and track financial activity.
When you create a requisition, or a travel authorization, for example, you must enter the correct numerals into the correct Chartfields on the electronic form.
This ensures that the appropriate funds will be used to pay for your order/travel.
For more information see Introduction to the Chart of Accounts.