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Setting Up the GL Chart of Accounts

Use the GL Chart of Accounts to create and maintain accounts: number, description, type, normal balance, and subledger coding.

Before you start​

  • Account format and GL Account Parts are defined.
  • Know which accounts need subledger codes (cash, AR, AP, and so on).

Steps​

  1. Open GL Chart of Accounts.
  2. Enter a unique account number and description.
  3. Select the account type (asset, liability, income, expense, and so on).
  4. Set the normal balance (debit or credit) for the account type.
  5. Assign a subledger code when the account must post only through a specific module.
  6. Save. To clone structures across departments or regions, use the GL Chart of Accounts Copier.

Notes​

  • Changing an account description here does not always refresh descriptions elsewhere (see account parts).
  • Wrong subledger codes block or misroute postings.