Assign General Ledger Account to an Accounting Code (Cloud)
General Ledger Accounts (GLs) are numerical identifiers employed to classify various types of financial transactions. The frequently utilized GL categories include revenues, expenses, and transfers. A "chart of accounts" constitutes a comprehensive inventory of each account within an accounting system.
Path: Management > Accounting Settings > Accounting Codes
Navigate to the Accounting codes list and select the code you intend to modify. Visual Matrix allows the assignment of 2 GL accounts for each accounting code.
3. Click Save.
Avoid configuring General Ledger accounts for balance forward or control account numbers, such as GB, 71, 72, D1, and D2. For the assignment of any accounting codes commencing with 7 or 8, kindly reach out to our Client Experience team. These codes are restricted and pertain to advance deposit payments and refunds.