Configuring Subsidiary G/L Codes (2)

Screen ID:

Screen Title:

Panel Number:

UFAMST-07

Subsidiary G/L Acct Code Configuration

6910

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Access this screen by selecting an item on the previous Subsidiary G/L Acct Code Definition screen.

This is the second screen used when setting up G/L codes. When done, use Enter to record the changes and return to the previous screen.

Field Descriptions

Field Name	Description
G/L account code	Enter a department code (up to five digits—use numbers only).
Description	Enter a description of the G/L code.
Asset/Liab. G/L Acct #	Enter the asset or liability (payable) account number associated with this G/L code or use the lookup to select it. For fixed asset items, this applies only when processing the purchase of a new item. This is the asset G/L account, typically a 77x.xx account. When you purchase a fixed asset, the system debits this account. For prepaid expense items, this is the asset G/L account, typically a 76x.xx account. When you post a prepaid expense, the system debits this account. For accrued expense items, this is the liability G/L account, typically an 85x.xx account. When you post an accrued expense, the system credits this account.
Expense G/L #	Enter the expense account number associated with this G/L code or use the lookup to select it. For fixed asset items, this affects the account throughout the life of the item. This is the expense G/L account, typically a 266.xx account. When you post a fixed asset, the system debits this account. For prepaid expense items, this is the expense G/L account, typically a 2xx.xx account. When you post a prepaid expense, the system debits this account. For accrued expense items, this is the expense G/L account, typically an 2xx.xx account. When you post an accrued expense, the system debits this account.
Accum. Depr. G/L #	(Used only for Fixed Assets.) Enter the accumulated depreciation account number associated with this G/L code or use the lookup to select it. This affects the account throughout the life of the item. This is the G/L account to accumulate depreciation, typically a 7xx.xx account. When you post a fixed asset, the system credits this account.
Gain/Loss G/L #	(Used only for Fixed Assets.) Enter the gain/loss account number associated with this G/L code or use the lookup to select it. This only applies when you close a fixed asset item. This is the gain/loss G/L account, typically a 43x.xx account. When you close a fixed asset item, the system either debits or credits this account.