Assigning default General Ledger accounts (BL/DST)

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

Before you can assign the default General Ledger accounts at this level in the Billing application, you must define sales classes in the Inventory Control 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 General Ledger 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 Purchase Order 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.
Related topics