GL Account: Entity Definition
ACCOUNTING --- GENERAL LEDGER ACCOUNTS
INFO
- Name - This field is for the name of the General Ledger Account.
- Account Type - This field shows an option set of the available account types. An example includes Cash.
- Account Number - This field will identify the account number.
- Mapped Account - This field is no longer used. (Deprecated)
- Description - This field allows for a description of the General Ledger Account.
Default Accounts
- Revenue - This field is for the Default Revenue Account.
- Receivables - This field is for the Default Receivables Account.
- WIP - This field is for the Default WIP (Work in Progress) Account.
- Liability - This field is for the Default Liability Account.
- Cash - This field is for the Default Cash Account.
- Discount - This field is for the Default Discount Account.
- Shipping - This field is for the Default Shipping Account.
- Tax - This field is for the Default Tax Account.
- Default Bad Debt - This field is for the Bad Debt Gl Account.
- Default Bad Debt Allowance -- This field is for the Bad Debt Allowance.
NOTE: There will need to be 1 of each of these Default Accounts set up as a General Ledger Account. Once one is created for one the Default Accounts, the appropriate field will need to be toggled to Yes. If a General Ledger is not created for each of these Default Accounts, there may be a problem with processing payments.
PRODUCT GL ACCOUNTS
- Tool bar where you can view and/or create Product GL Accounts associated with the GL Account.