Reference: Chart Accounts
From PlantX.net
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Overview
PlantX.net maintains a Chart of Accounts for General Ledger type accounts. Several basic accounts are required in order for PlantX.net to function. Accounts include revenue accounts for plant sales and delivery charges, deposit accounts for order deposits, and bank accounts for cash receipts.
Customer and vendor accounts act as subsidiary ledger A/R and A/P accounts respectively.
To maintain the Chart of Accounts, select the menu option Action | Maintain | Chart of Accounts.
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Properties
- Number
- The account number is an arbitrary account number that you can use to distinguish your chart accounts. You or your accountant may have a preference when reporting G/L activity.
- Name
- Enter a brief name that describes the account.
- Account Type
- Many of the accounting features observe the account type when listing applicable ledger accounts. Assign an account type that closely matches the intended use.
- NOTE: An account type cannot be changed after it is created.
- QuickBooks Account
- PlantX.net uses this account name to export invoices to QuickBooks. Enter the name given to the respective QuickBooks account. If you are not going to use QuickBooks, leave this field blank.
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