G/L Account Types Setup

Modules>Accounting> Overview> Accounting Setup >GL Account Types

A General Ledger (G/L) Account is used to track revenue coming in and out of an organization. G/L Account Types are selected when adding a Business Unit. In addition, you may select G/L Account Types when setting up items to be sold.

To set up a new G/L Account, complete the following steps:

1. Navigate to the Accounting Setup page.
2. Click the Add icon located on the GL Account Types child form. This opens the Add GL Account Type pop-up window.

   

3. Enter the name of the new GL account type in the Account Type field.

   

4. If this account type should be included in the ledger table when a batch is closed, select the Include Project in Ledger Entries? option.
5. Click the Save button.

Tips:

• Click the Edit icon to open the Edit GL Account Type pop-up window where you can rename the account type.
• Click the Delete icon to delete the G/L Account Type from NetForum. You will be prompted with a window to confirm the deletion prior to its removal from the system.