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This topic contains the following sub-topics:

• Adding a General Ledger ( GL ) Account
• Deleting a General Ledger ( GL ) Account
• Modifying a General Ledger ( GL ) Account

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_Adding _Adding

Adding a GL Account

The purpose of this topic is to describe how to add a general ledger ( GL ) account to a Products record.

1. Open the Products record, if not already opened.
2. Click the Accounting > GL Accounts tab.
3. Click the New icon to open a new GL Accounts sub-type record.
4. In the GL Order Level field, enter the GL order level for this account.
   • By specifying an order level, you can associate a set of GL accounts that should be used for a particular group of customers.
   • For information on GL Order Levels, see the Order Levels and GL Accounts section of the Orders, Payments and Scheduled Transactions chapter in the Aptify 5.5 Accounting and Financial Systems Integration Guide for more information.
     
     
5. In the Type field, select the GL account type from the list.
   • Standard types include Sales, Account Receivable, and Deferred Income.
   • See the Order Types and GL Entries section of the Orders, Payments and Scheduled Transactions chapter in the Aptify 5.5 Accounting and Financial Systems Integration Guide for a list of standard types.
   • Keep in mind the following requirements:
   1. • Every product must have a Sales account or be linked to an Organization with a default Sales account defined.
      • Every product should have an Accounts Receivable account, unless the product is using the default Accounts Receivable account or linked to an Organization with an Accounts Receivable account defined.
      • If a product has the Require Inventory and Calculate COGS options selected, the product must have an Inventory account and a COGS (Cost of Goods Sold) account.
      • If the product is a subscription product that has the Deferred Income option selected, the product needs a Deferred Income account.
      • If the product has the Cash Basis Acctg option selected, the product needs an Unearned Revenue account.
      • If you plan to allow discounting of this product via a Campaign or a manual discount, then you should add a Discount account.
        
        
6. Enter a GL Account in the field provided.
   • This list displays the records from the GL Accounts service.
     
     
     
     
7. Click OK to save and close the new GL Accounts record.
8. Save the Products record.

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Deleting a General Ledger (GL) Account Deleting a General Ledger (GL) Account

Deleting a

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GL

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Account

The purpose of this topic is to describe how to delete a general ledger ( GL ) account from a product.

1. Open the Products record, if not already opened.
2. Click the Accounting > GL Accounts tab.
3. Select the GL Accounts record to delete.
4. Right-click on the selected record and select Delete from the context menu or press the Delete key on the keyboard.
5. Save the Products record.

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The purpose of this topic is to describe how to modify a general ledger ( GL ) account for a product.

1. Open the Products record, if not already opened.
2. Click the Accounting > GL Accounts tab.
3. Double-click the record you want to modify.
4. Modify the GL Accounts sub-type record as necessary.
5. Click OK to save and close the modified GL Accounts record.
6. Save the Products record.