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.

Suspense Account

Default account for Suspense Accounts.