Add General Ledger Account to Chart of Accounts

These steps explain how to add a general ledger account to the chart of accounts (COA) for your credit union.

  • Before performing these steps, you may want to review the chart of accounts in order to decide where the best place is for your new G/L.

  1. Launch Tool #202 Chart of Accounts/Budget Groups Maint.

  2. Click Full Chart on the Chart of Accounts Maintenance pop-up.

  3. Click Add on the Maintain Chart of Accounts screen.

  4. Input the new G/L account number under the G/L Account heading in the first row on the Add New General Ledger Accounts screen.

  5. Input a description for the new G/L under the Description heading.

  6. Select the G/L type in the Type drop-down menu.

    • Asset: 700 range G/L

    • Expense: 200-400 range G/L

    • Income: 100 range G/L

    • Liability: 800-900 range G/Ls

  7. Input the Budget Group code to which this account should be assigned under the Budget Group heading.

  8. Under the Reverse G/L heading, enter 960.00 if it is an income and expense G/L.

    • If not, leave this field blank.

  9. Keep 'Active' selected in the Status drop-down menu.

  10. Click Update.

    • To locate your new G/L, type the new G/L account number in the Account # field.

Learn More

Learn more about adding general ledger accounts.

Learn more about Budget Group codes.