Account Class
Use this field to assign an account class to an account. Account classes are not required, but they can be used by financial reporting tools if desired.
This table shows the default values for this field, depending on the account type, when you upgrade or migrate from a version before 8.02 to 8.02 or later:
Account Type | Default Account Class |
---|---|
Asset | Current Assets |
Liability | Current Liabilities |
Owner's Equity | Equity |
Revenue | Revenue |
Expense | Operating Expense |
Any other value | Blank |