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GL Accounts - Page 3
...and more accounts. You can add, edit, and delete GL Accounts by clicking the GL Account Numbers button.
NOTE: Within the GL Accounts Page 3, most locations do not track the GL effect of the Non-Stock Inventory, Inventory Issues, Inventory Receipts, Physical Adjustments and Cost Adjustments in detail. Making all these accounts to be the same as the Stock Inventory account will simplify the release information.
Stock Inventory
Default account to post stock inventory transactions
Non-Stock Inventory
Default account to post non-stock inventory transactions
Inventory Issues
Default asset account to which received inventory is posted
Inventory Receipts
Default asset account to which received inventory is posted
Physical Adjustments
During the physical adjustment of inventory, this account receives the debit or credit value of the inventory cost being adjusted.
Cost Adjustments
This field refers to the adjust cost feature of the inventory module and posts the credit or debit value of the effect of the cost adjustment.
Rental Pre-Payments
This account handles the pre-payments made within the Rental module.
