GENERAL LEDGER 1. How can I create a New General Ledger Account?
• Click the Maintenance, General Ledger menu and select Chart of Account. • Click the New icon to create a new General Ledger Account. • Enter an Account No. for every general ledger account. Note: Account number is consists of characters, non-repetitive. • Enter the name that describes the account. Note: Maximum of 80 characters only. • Select the account type for this account. It is used to classify various accounts. • Select the currency code applicable for the account. Note: Enter the code only if the account is using multi-currency option, or else leave it blank. • Enter the amount of opening balance for the account in the Debit or Credit Amount box. • Enter the amount of last year balance. Note: For negative amount, please begin with a minus sign. • Create all main group accounts. • Enter each month budget, if applicable. Note: You can enter the budget of each account up to 18 months.
