The General Ledger allows users to calculate allocations and post them to specific general ledger accounts. You can define allocations by branch, subledger, allocation percentage, whether the allocation is a fixed percentage, or whether the allocation is by a comparison or branch comparison method. Setting up the general ledger is one of the first priorities during your installation.
Use the following steps to set up the general ledger:
Step One: Update control maintenance records and authorization keys.
Step Two: Identify the general ledger accounts your company needs. The system requires certain accounts. Additional accounts give you the ability to do extensive sales analysis. Use the following information and procedures:
Step Three:Create new accounts.
Step Four:Assign accounts to autopost.