Chart of Accounts Maintenance - General tab

Owned by Former user (Deleted)
Last updated: Feb 25, 2017 by Former user (Deleted)
2 min read

Use the General tab to maintain the description, tax code and classification codes for the selected chart of accounts code.

 Opening the General tab

To open the General tab:

  1. Select Module > General Ledger > Chart of Accounts Maintenance from the main menu.
    The Set Chart of Accounts Search Criteria window is displayed.
    Tip: You can also access General Ledger functions by clicking .
  2. Search for the chart of accounts classification. See Searching for GL chart of accounts codes.
    The General tab of the Chart of Accounts Maintenance window is displayed.


Chart of Accounts Maintenance - General tab key fields and buttons
Fields

Field

Description

Description

Description of the chart of accounts code.

Active

If selected, this Chart of Accounts is active.
Note: This field is not editable. To make a Chart of Accounts active or inactive, use the and buttons.

Profit Loss

Select if this is a profit and loss account.
If not selected, this is a balance sheet account.

Tax Code

Tax code that applies to this chart of accounts code.
This field is optional.

Classification Code

The classification code, such as income, expense or asset that applies to this chart of accounts code.
This field is optional.

Heading Level

The position within a list of headings that this COA would normally be reported on.

Automatically create G/L Codes using this COA Code

Select if you want this COA code to be used to create new general ledger accounts, whenever a new cost centre code is added. See Creating new general ledger cost centres.

Buttons

Button

Description


Make a Chart of Accounts active or inactive.
Note: Only one of these buttons is displayed at a time, depending on whether the select Chart of Accounts is active or inactive.

Update all the general ledger descriptions for all general ledger records that have this chart of accounts code.
Only required if the description of the COA is changed. Will automatically change general ledger accounts containing old descriptions so that they have this new description.