Account Codes

Maintenance | Account Class | Account Codes | Chart of Account

Account Codes

This maintenance screen allows users to configure accounting entry preferences for transactions.

This is not to be mistaken with the Chart of Account maintenance

Account Codes Maintenance

List of system defined accounts:

• DFG - Defective Goods Expense
• AAR - Accounts Receivable (Accrual)
• ACOG - Cost of Goods (Accrual)
• ADV - Advance/Down Payment
• ASP - Sales - Parts (Accrual)
• IC - Inventory Clearing
• INVR - Inventory Replacement
• IS - Income Summary
• OP - Over Payment
• SRA - Sales Return Account
• YEC - Year-End Closing
• DC - Discount

Field	Description	Expected Values
1.Sales Account	• Account use when using the code in selling.	• Account List provided under Chart of Accounts Module
2.Purchase Account	• Account use when using the code in selling.	• Account List provided under Chart of Accounts Module

Use of System Defined Accounts

Account Codes	Transaction
•DFG - Defective Goods Expense	• Sales Return / Purchase Return
•ADV - Advance/Down Payment	• Receipt Voucher / Payment Voucher
•ACOG - Cost of Goods (Accrual)	• Auto-generated Accounts Receivable when creating Delivery Receipt.
•IC - Inventory Clearing	• Sales Return / Purchase Return
•INVR - Inventory Replacement	• Sales Return / Purchase Return
•IS - Income Summary	• Closing of Books / Trial Balance
•OP - Over Payment	• Receipt Voucher / Payment Voucher
•SRA - Sales Return Account	• Sales Return
•YEC - Year-End Closing	• Closing of Books / Trial Balance
•DC - Discount	• Sales Module / Purchase

Notes:

• For Detailed instructions on how to modify Account Codes, you can visit Account Codes Job Aids which can be found here