Manage GL Accounts
Use the GL Account/Code Maintenance [S1096] screen to add, edit, copy, or delete GL accounts.
To add GL accounts:
Result
You have created an account.
Notes
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To action a previously created item, select the item and click the desired mode: Edit, Copy, or Delete.
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For accounts that have a child or a parent GL account, select the desired frame and click Add to add the parent/child relationship. This can also be used to delete parent/child relationships.
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Account Type is used to specify if the GL account will be used for headers, in reports, or for general ledger transactions.
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Account Class is used to determine what report the GL account will appear on and how the account is handled when performing a Year-End Close:
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Accounts with a class of IS, or income statement, are posted to retained earnings.
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Accounts with a class of BS, or balance sheet, have an opening balance recorded in the new fiscal year.
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GL accounts with a Report Sort value of 0 will not appear on the GL Reports Setup screen.
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General ledger accounts should have a GL Report Group Format of 4A.
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The GL Report Multiplier and Financial Results Multiplier fields have no impact on the account values and are merely used on reports to display the expected value. For example, to have a credit show a positive number on a GL credit report, change the GL Report Multiplier to -1.