Follow these steps to set up a chart of accounts (COA) in the program:
- From the Goto menu, select Write-up Processing.
- This is General Ledger for EBS users.
- Select Update Company Files, and then select General Ledger Accounts.
- If you only want to edit an account, type in the account number, press Enter, and select from a list of accounts that are already set up. Edit the information as desired and click Save.
- Enter an Account Number.
- Enter an Account Description.
- Enter an Account Type from the following available options:
- A - Asset
- P - Divisional Asset
- L - Liability
- D - Divisional Liability
- R - Revenue
- I - Departmental or Divisional Revenue
- E - Expense
- C - Departmental or Divisional Expense
For equity type accounts (capital, owner's equity, equity, etc.), use type L or D.
- If you'll be copying general ledger information to Lacerte or ProSeries, enter the Tax pg/Schedule and the Tax Line number.
- You can print a list of available codes by going to Write-up Processing and selecting Print Reports. Choose the Tax Pg/Line Number Listing in the Miscellaneous Reports folder.
- Don't enter amounts on the General Ledger Account Update screen.
- Instead, enter them as transactions.
- Refer to this article for more information on setting up beginning account balances.
