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Account Posting Setup

Field Label

Field Level Help

Account COGS

Default COGS GL account to use when posting transactions. It is required for inventory items only.

Account Posting Group

Optional field.  Enter a value to control the GL posting by Account Posting Group.  Each Customer and Vendor Account record can be linked to an Account Posting Group. 

Global Pick List values can be modified.

Account Purchase

Default Purchase GL account to use when posting transactions. It is required for service items only. Depending on the Inventory Class, an Inventory Balance Sheet account will be used when posting inventory items.

Account Purchase Return

Default Purchase Return GL account to use when posting transactions. It is required for service items only. Depending on the Inventory Class, an Inventory Balance Sheet account will be used when posting inventory items.

Account Sales

Default Sales GL account to use when posting transactions. It is required for all items.

Account Sales Discount

Default Sales Discount GL account to use when posting transactions. It is required for all items.

Account Sales Return

Default Sales Return GL account to use when posting transactions. It is required for all items.

Company Setup

The default Company Setup record. It is required.

Item

Optional field. Enter a value to control the GL posting by Item. Either Item or Item Posting Group must be populated.

Item Posting Group

Optional field. Enter a value to control the GL posting for the Item with an Item Posting Group. Either Item or Item Posting Group must be populated.

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