Assigning default General Ledger accounts (BL/DST)

In the application, you can assign the default accounts to each process level and sales class combination for inventory and non-stock items. For example, you can use default accounts to track the cost of goods sold (COGS) in .

Before you can assign the default accounts at this level in the application, you must define sales classes in the application and assign them to items. For more information, see the Inventory Control User Guide.

Procedure flow: Setting up default general ledger accounts

Follow these steps to set up the default accounts.

  1. Access Sales Class Accounts (BL05.1).
  2. Specify the header information.
  3. Click the sales account.
  4. Click the COGS account.
  5. Click the COGS offset account.
    Note:  When Order Entry cost and cost vary, you can use the COGS variance account for drop ship orders.
  6. Click the COGS variance account.
  7. To assign a target profit margin to the account, specify the profit percentage and hold code.
  8. Click Add.
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