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.
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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.
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Launch Tool #202 Chart of Accounts/Budget Groups Maint.
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Click Full Chart on the Chart of Accounts Maintenance pop-up.
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Click Add on the Maintain Chart of Accounts screen.
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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.
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Input a description for the new G/L under the Description heading.
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Select the G/L type in the Type drop-down menu.
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Asset: 700 range G/L
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Expense: 200-400 range G/L
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Income: 100 range G/L
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Liability: 800-900 range G/Ls
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Input the Budget Group code to which this account should be assigned under the Budget Group heading.
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Click the Budget Group Maint button on the bottom of the screen to access the Maintain G/L Budget Groups screen where you can create the Budget Group codes.
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Under the Reverse G/L heading, enter 960.00 if it is an income and expense G/L.
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If not, leave this field blank.
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Keep 'Active' selected in the Status drop-down menu.
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Click Update.
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To locate your new G/L, type the new G/L account number in the Account # field.
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