Creating account codes

Use account codes to define the accounting string information for processing payments and receipts.

  1. Select Account Codes.
  2. Click Create.
  3. Specify this information:
    Account Code
    Specify an account code.
    Description
    Provide the account code description.
    Code Type
    Select a code type:
    • All Transactions: Account code that is used for all transactions such as receipts, disbursements and adjustments.
    • Disbursement: Account code that is used for disbursement transactions.
    • Receipt: Account code that is used for receipt transactions.
    GL Account
    Select the global ledger account where the transactions will be posted.

    If you use account codes, then GL account information must be included on all activities that are assigned to Bank Accounts. This GL account is where the offset to the disbursement and deposit transactions are posted.

  4. Click Save.