This window appears when you select GL Control Accounts from the Company Parameters menu | |
Purpose | This window enables you to specify various control accounts for the currently selected company. |
Enter a profit centre and account code for the following control accounts:
Note | You can specify codes which you have not set up yet via Profit Centre Maintenance and Account/Account Group Maintenance in General Ledger. This is because you might not have set them up by this stage. Searches on profit centres and accounts which you have set up are nevertheless available. |
Debtors control | (Not required if there is no Debtors Ledger/General Ledger interface.) This account takes the balancing entries for postings from Debtors Ledger to General Ledger, except where it is overridden at customer level. For further details see Multiple Control Accounts below, and Customer Company Details in the Debtors Ledger Manual. |
Creditors control | (Not required if there is no Creditors Ledger/General Ledger interface.) This account takes the balancing entries for postings from Creditors Ledger to General Ledger, except where it is overridden at supplier level. For further details see Multiple Control Accounts below, and Company Dependent Supplier Details in the Creditors Ledger Manual. |
Inter-company postings | This account is used for balancing multi-company postings into the General Ledger and for the transfer of balances across the year end. We recommend that you define this account even if you have a single company system. |
Inter-company transfer postings | This account is used for balancing multi-company postings arising from fund transfers between companies in Cash Manager. |
Multiple control accounts | (Y/N.) Enter Y to allow the Debtors Control and Creditors Control profit centres and accounts to be overridden for specific customers and suppliers. |
Note | If you select multiple control accounts, the option in Creditors Ledger and Debtors Ledger to enter consolidated General Ledger and tax analysis for batches is not available. The analysis must be entered for each transaction. |
On completion | Cash Book Control Accounts Window. |