Drake Accounting®: How do I customize my General Ledger for Accounts Receivables?
Each Transaction Type must be assigned a Debit Account and a Credit Account in order to keep the Chart of Accounts in balance. To assign accounts to Transaction Type, complete the following:
- Go to Receivables> GL Account Setup and click the New
icon.
- Select a Transaction Type from the drop list which displays Transaction Type codes and Descriptions.
- Enter a GL Account Description for the General Ledger Account you are creating.
- Select the desired account from the drop list for the Debit Account field. A list of postable accounts from the Chart of Accounts displays. If the account you are looking for is not listed, click New Account in the drop list.
- Select the desired account from the drop list for the Credit Account field. A list of postable accounts from the Chart of Accounts displays. If the account you are looking for is not listed, click New Account in the drop list.
- Once the accounts have been set up, click Save when finished with the screen.
- Click Reset to revert to the last saved transaction type and debit/credit account combination.
- To delete a previously saved transaction type and debit/credit account combination, select the line in the grid and click the Delete icon. Then click Save when finished with the screen.
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