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Account Codes

Revision as of 11:13, 4 May 2021 by Gelo (talk | contribs)

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

Requirements before using Account Codes


Account Codes 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
Categories:
Modules
Maintenance Maintenance | Account Class | Account Codes | Chart of Account
Sales Sales | Delivery Receipt
Financials Accounts Receivable | Payment Voucher | Receipt Voucher
Inventory Sales Return | Purchase Return
Job Aid Modules
Sales Aids Delivery Receipt Aids
Maintenance Aids Account Codes Aids | Chart of Accounts Aids
Financials Aids Accounts Receivable Aids | Payment Voucher Aids | Receipt Voucher Aids
Inventory Aids Sales Return Aids | Purchase Return Aids
Others Sales Process
Report Modules
Financials Statement Trial Balance
Report Module Aids
Financial Statement Trial Balance Aids