General Ledger Concepts

You set up categories in the Chart of Accounts window. Categories and subcategories are a valuable feature for chart of accounts. If you are a previous text-based user, you need to assign categories to all of your accounts. A category must be assigned for your account to print. These categories are pre-defined in your system. You can change these default categories, as needed. Categories are pre-defined and pre-assigned.

 

You can also assign subcategories to your chart of accounts. These subcategories are pre-defined in your system and are based on the category that you selected. For example, if we selected Current Assets as the category, only subcategories of Current Assets are listed. After you select your account, use the drop-down arrow in the category box to assign a pre-defined category.

 

You can also edit categories and subcategories. From the Chart of Accounts Master window, click View then select Categories. The Category/Sub Category dialog box opens. You can edit category and subcategory descriptions in this dialog box. You can search by category, subcategory, or by description. Once you select the category or subcategory to edit, highlight the description to change and type over the text.

 

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In the Chart of Accounts Master Window

Chart of Accounts Concepts