General Ledger Accounts
General Ledger>Configuration>General Ledger Accounts
Setup General Ledger accounts in both the Tree view and Search tabs
Accounting formula
General Ledger accounts are based on accounting formula
Owners Equity = Assets .png)
Accumulative profits contains income accounts: Sales, Cost of Sales, Income, Expense, Taxation
Ledger account
The system allows for unlimited levels down in setup.
Posting is done to the lowest level.
Reporting can be done at each level.
Levels are counted from the first level on left and moving to the right.
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Counting the levels in the system. Notice that reporting is done on the lowest level, however you can report on higher levels. |
