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    GL Accounts

    SETUP -> GL Accounts

    This is your financial chart of accounts heirarchy used in the Financials module.

    • Description
    • Code
    • Level of detail - may be used on reports to roll up values for units with a greater level of detail than is desired for the report. 1 = highest level, 2 = next level, etc.
    • Profit / balance - used for Profit and Loss report or Balance sheet.
    • Debit / credit - is it debit or credit?
    • Parent account - parent GL account, gives the heirarchy.
    • Active? - untick if no longer used which will hide in lookup lists.
    • Notes

    Control accounts

    Setup the GL account relevant to each of the following categories:

    • Creditors
    • Creditors tax
    • Debtors
    • Debtors tax
    • Grower advances
    • Grower finals
    • Retained earnings
    • Shipping

    Exchange gains/losses:

    • Bank unrealised
    • Creditors realised
    • Creditors unrealised
    • Debtors realised
    • Debtors unrealised
    • Other unrealised
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