Chargebacks › General Ledger Accounts › Create GL Accounts

Create GL Accounts

Verify that an entity exists before creating GL accounts.

Follow these steps:

1. Open Administration, and from Finance, click GL Accounts.

   The GL accounts list appears.

2. Click New.

   The create page appears.

3. Complete the following fields:

   Main Account ID

   Defines the first part of the natural account number.

   Sub Account ID

   Defines the second part of the natural account number.

   Entity

   Defines the entity associated with the GL account.

   Account Description

   Defines the account description.

   Account Class

   Defines the account class.

   Values:

   • Balance Sheet
   • Profit and Loss

   Account Type

   Defines the account type used for classifying accounts.

   Values:

   • Asset
   • Liability
   • Income
   • Expense

   Is Active

   Indicates if this account is active and available for assigning to cost plans.

   Overhead

   Indicates if this account is used to charge any costs to designated departments. If selected, be sure to create overhead rules.

   Capital Expense

   Indicates if this account is used for capital expense.

   Noncash Expense

   Indicates if this account is used for noncash expense.

4. Click Save.

More information:

Entities

General Ledger Accounts

Edit GL Accounts