Screenshot:General Ledger Configuration

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General Ledger Configuration

The general ledger configuration drives the way that the organization's financial transactions are going to be posted to the ledger.

General Ledger Configuration

The General Ledger Configuration window allows to review and maintain defaulted general ledger configurations and to create new ones if needed.

  • Organization : Organizational entity within client
  • Name : A non-unique identifier for a record/document often used as a search tool.
  • Description : A space to write additional related information.
  • Active : A flag indicating whether this record is available for use or de-activated.
  • Accounting Standard : Accounting Standard
  • Currency : An accepted medium of monetary exchange that may vary across countries.
  • Element separator : Element Separator
  • Allow negative : Allow negative entries in credit and debit
  • Central Maintenance : A flag indicating that this label is managed in a central repository.
  • Asset Debit Balances as Positive : Display assets as positive amounts
  • Liability Credit Balances as Positive : Display liabilities as positive amounts.
  • Owner's Equity Credit Balances as Positive : Display owner's equity as positive amounts.
  • Revenues Credit Balances as Positive : Display revenues as positive amounts.
  • Expense Debit Balances as Positive : Display expenses as positive amounts.
  • General Ledger : The book containing all financial transactions recorded for the legal entity.
  • Client : Client for this installation.

Dimension

Dimension tab allows to configure the organization's general ledger dimensions or to add additional accounting dimensions do not centrally maintained in the client.

  • Sequence Number : The order of records in a specified document.
  • Name : A non-unique identifier for a record/document often used as a search tool.
  • Type : A distinct item characteristic used for processes and sometimes grouped within a category.
  • Trx Organization : Organizational entity within client
  • Active : A flag indicating whether this record is available for use or de-activated.
  • Account Tree : A unique identifier of the Account Tree.
  • Balanced : Balanced
  • Mandatory : An indication noting that completing in a field is required to proceed.
  • Account Element : A identification code for an account type.
  • Product : An item produced by a process.
  • Business Partner : Anyone who takes part in daily business operations by acting as a customer, employee, etc.
  • Location / Address : A specific place or residence.
  • Sales Region : A defined section of the world where sales efforts will be focused.
  • Project : Identifier of a project defined within the Project & Service Management module.
  • Sales Campaign : An advertising effort aimed at increasing sales.
  • Activity : A distinct activity defined and used in activity based management.
  • Organization : Organizational entity within client
  • General Ledger : The book containing all financial transactions recorded for the legal entity.
  • Dimensions : Holds the list of dimensions enabled by this ledger.
  • Client : Client for this installation.

Active Tables

Active Tables tab allows to define which tables and therefore transactions are going to be post to the ledger and which ones not.

  • Active : A flag indicating whether this record is available for use or de-activated.
  • Table : A dictionary table used for this tab that points to the database table.
  • Accounting Template : Accounting Template
  • Disable for Background : Disables the selected table for accounting in background process
  • SQL Description : Acct description
  • Organization : Organizational entity within client
  • General Ledger : The book containing all financial transactions recorded for the legal entity.
  • Client : Client for this installation.
  • Active Table : Table to be used for posting transactions related to the named business process area or document.

Documents

Documents tab allows to define which document types of a table allow negative posting and if they use a different accounting process than the default one based on a given accounting template.

  • Active : A flag indicating whether this record is available for use or de-activated.
  • Document Category : A classification of document types that are shown and processed in the same window.
  • Allow negative : Allow negative entries in credit and debit
  • Accounting Template : Accounting Template
  • Organization : Organizational entity within client
  • Client : Client for this installation.
  • C_AcctSchema_Table_DocType_ID
  • Active Table : Table to be used for posting transactions related to the named business process area or document.

Process

It is possible to assign additional accounting process to be run after the standard one for a given general ledger configuration

  • Sequence Number : The order of records in a specified document.
  • Accounting Post_Process : Accounting process to be executed at posting time
  • Active : A flag indicating whether this record is available for use or de-activated.
  • Organization : Organizational entity within client
  • Isdataset
  • General Ledger Post_Process : Additional process to be executed at posting time.
  • General Ledger : The book containing all financial transactions recorded for the legal entity.
  • Client : Client for this installation.

General Accounts

General accounts tab allows you to define the accounts to be used in balancing entries and in the end-year closing process.

  • Suspense Balancing Use : Use Suspense Balancing
  • Suspense Balancing : Suspense Balancing Account
  • Retained Earning : Retained Earning Account
  • Suspense Error Use : Use Suspense Error
  • Suspense Error : Suspense Error Account
  • Income Summary : Income Summary Account
  • Currency Balancing Use : Use Currency Balancing
  • Currency Balancing Acct. : Account used when a currency is out of balance
  • CFS Order Account : Cash Flow Statement Order Account
  • Active : A flag indicating whether this record is available for use or de-activated.
  • Reverse Permanent Account Balances : Reverse Permanent Account Balances
  • PPV Offset : Purchase Price Variance Offset Account
  • Organization : Organizational entity within client
  • General Ledger : The book containing all financial transactions recorded for the legal entity.
  • General Accounts : Accounts being used for general purposes such as income statement account, error and balance handling accounts.
  • Due from Intercompany : Intercompany Due From / Receivables Account
  • Client : Client for this installation.

Defaults

Defaults tab allows to maintain or to add a set of default accounts to use while posting a certain type of transactions.

Financial Account Defaults

Default ledger accounts for the financial accounts.

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