System Accounts (GL00.7)

Use System Accounts (GL00.7) to select the detail accounts used to post retained earnings, undistributed retained earnings, error suspense, translation gain and loss transactions, and report currency transaction gain and loss transactions. The detail accounts must already be defined in the chart of accounts. Lawson recommends that you do not use system accounts for any other process other than retained and undistributed retained earnings, error suspense, and translation gain and loss.

Each company must have at least one retained earnings, undistributed retained earnings, and error suspense accounts. You must enter a Committment Accrual account on the Commitments page.