Accounts and Expense Codes Tab Companies

Open topic with navigation

Companies Accounts and Expense Codes Tab - Simplified Setup

Make the following menu selections to display this tab:

eFinancials—Setup—GL Setup—Companies—Accounts & Expense Codes Tab or
ePO—Setup—Companies—Accounts & Expense Codes Tab

Use this tab to set up or manage accounts for a company.

Note

When adding a new company, you must save the company before you can access and complete this tab.

A red dot indicates a required field or selection.

GL Accounts

Retained Earnings

Click the Lookup Button to display the Select GL Account pop-up and then select an account for Retained Earnings. The account you select must be a capital account with a record type of Detail. Refer to Account Maintenance Tab for more information on account type and record type.

Accept this default or click the Lookup Button to display the Select GL Account Tab and select an accounts payable general ledger account for this company.

AP GL Account

This field displays if the company has an accounting type of Accrual selected (and the field is hidden once you save changes). The account number defaults if the account/expense codes exist for the company. You select account numbers when you set up Posting Rules. Refer to Accounting Type and Effect of Accounting Type for more information.

Accept this default or click the Lookup Button to display the Select GL Account Tab and select an accounts payable general ledger account for this company.

AR GL Account

Accept this default or click the Lookup Button to display the Select GL Account Tab and select an accounts receivable general ledger account for this company.

AP Accounts

Accounts Payable

Click the Lookup Button to display the Select GL Account pop-up and then select an account for Accounts Payable.

PO Payable

Click the Lookup Button to display the Select GL Account pop-up and then select an account for PO Payable.

Subcontract Payable

Click the Lookup Button to display the Select GL Account pop-up and then select an account for Subcontract Payable.

Retainage Payable

Click the Lookup Button to display the Select GL Account pop-up and then select an account for Retainage Payable.

Discount Earned

Select an expense code for any discount earned for this company.

Click the Lookup Button to display the Select Expense Code Tab and select an expense code for the discount. Refer to Discounted Receipts for more information on setting up discounts.

This field displays when you select Invoice Entry or Payment in the Take Discount field on the Invoice Tab Policies.

Default Use Tax

Click the Lookup Button to display the Select GL Account pop-up and then select an account for Default Use Tax.

AR Accounts

Accounts Receivable

Click the Lookup Button to display the Select Account pop-up and then select an account for Accounts Receivable.

Retainage Receivable

Click the Lookup Button to display the Select Account pop-up and then select an account for Retainage Receivable.

Discount Given

Select an expense code for any discount given for this company.

Click the Lookup Button to display the Select Expense Code Tab and select an expense code for the discount. Refer to Discounted Payments for more information on setting up discounts.

This field displays when you select Invoice Entry or Payment in the Take Discount field on the Invoice Tab Policies.

Default Sales Tax

Click the Lookup Button to display the Select Account pop-up and then select an account for Default Sales Tax.

Unapplied Cash - Receivable

Click the Lookup Button to display the Select Account pop-up and then select an account for Unapplied Cash - Receivable.

Buttons

Cancel

Select this button when you want to stop without saving changes.

Save

Select this button to save changes.