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 Add on the Maintain Chart of Accounts screen.

3. 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.

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

5. 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

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

   • Click the Budget Group Maint button to access the Maintain G/L Budget Groups screen where you can create the Budget Group codes.

7. Under the Reversal Account heading, enter 960.00 if it is an income and expense G/L.

   • If not, leave this field blank.

8. Keep Active selected in the Status drop-down menu.

9. SelectUpdate.

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

Learn More

	Learn more about adding general ledger accounts.
	Learn more about Budget Group codes.