Account Name
Closing: Retained Earnings
Adj Closing: Translation ustment
Description
General Ledger posts the net balance of all income and
expense accounts from the prior year against your retained
earnings account.
jUsed for any net ad ustments resulting from currency
translation or revaluation.
Account Type
Ownership/S tockholder's
Equity/Fund Balance
Ownership/S tockholder's
Equity/Fund Balance
Account Name
Description
Account Type
Revenue
Expense
Asset
Revenue
Revenue
Liability
Revenue
Expense
Revenue
Expense
Asset
Liability
Liability
Expense
Asset
Account Name
AP -Trade
Prepayment
Future Dated Payment
Discount Taken
PO Rate Variance Gain
PO Rate Variance Loss
Realized Gain
Realized Loss
Description
Default Liability Account for all new suppliers you enter. You
can override this value during supplier entry. If you use Accrual
Basis accounting, then the Liability Account for an invoice
determines the liability Account(s) charged when you create
accounting entries for invoices.
Account to Record Prepayments
When Payables accounts for future dated payments, it uses
the Future Dated Payment Account from either the supplier
site or the payment document.
Account Type
Expense
Liability
Asset
Liability
Expense
Expense
Expense
Expense
Rounding
Expense
Liability
Liability
Liability
Liability
Liability
Liability
Account Name
Expense Item Taxi
Expense Item Meals
Expense Item Airfare
Expense Item Lodging
Expense Item Car Rental
Expense Item entertainment
Expense Item -Miscellaneous
Description
Default Expense Account for this Expense Item
Default Expense Account for this Expense Item
Default Expense Account for this Expense Item
Default Expense Account for this Expense Item
Default Expense Account for this Expense Item
Default Expense Account for this Expense Item
Default Expense Account for this Expense Item
Account Type
Expense
Expense
Expense
Expense
Expense
Expense
Expense
Description
The Liability Account for this supplier site's invoices
The Prepayment Account for this supplier site's invoices
The Future Dated Payment Account for this supplier site's
invoices
Account Type
Liability
Asset
Liability
Expense
Expense
Tax Account
Tax Account to use as the default value in the Tax Codes and
Rates window.
Account to record any rounding error amounts created during a
cross currency receipt application for currencies that have a
fixed rate relationship. You need to define a rounding error
account if you create cross currency receipts.
Account to record any rounding differences that occur when
converting foreign currency transactions to your functional
currency.
Liability
Expense
Expense
Description
Earned Discounts Accounts
Unearned Discounts Account
Bad Debt Expense
Miscellaneous Cash Account
Bank Charge Account
Bank Fees Account
Account Type
Revenue
Revenue
Expense
Revenue
Expense
Expense
AutoInvoice Clearing
Freight
Unearned Revenue
Unbilled Receivable
Asset
Asset
Revenue
Asset
Description
Account to which tax amounts for the tax code is charged.
AutoAccounting uses this value if the AutoAccounting structure
for your tax account is derived from the tax code
Account to which tax amounts for the tax code is charged.
AutoAccounting uses this value if the AutoAccounting structure
for your tax account is derived from the tax code
Account to which tax amounts for the tax code is charged.
AutoAccounting uses this value if the AutoAccounting structure
for your tax account is derived from the tax code
Account to which tax amounts for the tax code is charged.
AutoAccounting uses this value if the AutoAccounting structure
for your tax account is derived from the tax code
Account to which tax amounts for the tax code is charged.
AutoAccounting uses this value if the AutoAccounting structure
for your tax account is derived from the tax code
Account to which tax amounts for the tax code is charged.
AutoAccounting uses this value if the AutoAccounting structure
for your tax account is derived from the tax code
Cash account you are associating with a bank account.
Cash account you are associating with a bank account.
Cash Clearing
Asset
Bank Fees
Expense
Cash Clearing
Asset
Bank Fees
Expense
Sales Tax10%
Sales Tax15%
Sales Tax20%
Bank Errors
AR Confirmed Receipts
Realized Loss
Bank Errors
Account Type
Liability
Liability
Liability
Liability
Liability
Liability
Asset
Asset
Expense
Asset
Liability
Asset
Asset
Asset
Asset
Expense
Expense
Expense
Account Name
Due From Account
Due To Account
Description
Inter company Receivable Account
Inter Company Payable Account
Account Type
Asset
Liability
Description
Account Type
Material Account
Asset
Receivable
Payable
Intransit Inventory
Inventory AP Accrual
Sales
Cost of Goods Sold
Average Cost Variance Account
Receiving Inventory Account
Clearing Account
Asset
Asset
Asset
Asset
Expense
Revenue
Expense
Asset
Liability
Asset
Expense
Expense
Liability
Revenue
Expense
Expense
Asset
Asset
Expense
Purchasing
Account Name
Description
Account Type
Liability
Description
The Cost of Goods sold Account for this Transaction Type
The offset account for any cost earned to the inventory or work
Over Head Absorption Account -FACILITY
in process value.
The offset account for any cost earned to the inventory or work
Over Head Absorption Account MatlMgmt
in process value.
The offset account for any cost earned to the inventory or work
Over Head Absorption Account MGMT
in process value.
The offset account for any cost earned to the inventory or work
Over Head Absorption Account BENEFITS
in process value.
The offset account for any cost earned to the inventory or work
Over Head Absorption Account INDIRECT
in process value.
The offset account for any cost earned to the inventory or work
Over Head Absorption Account EQUIP/TOOL
in process value.
Account Type
Expense
Expense
Expense
Expense
Expense
Expense
Expense
Description
Account Type
Material Account
Asset
Created By
Ehab Asaad Mohamed
EXP.Applications Consultant
Asset
Asset
Asset
Asset
Expense