Configure GL Accounts

Overview

GL Accounts (Chart of Accounts) are used for accounting posting in GoldFinch.

Steps

Open the App Launcher. Search for GL Accounts.

The post-installation script will create complete GL Accounts that are ready for use. You can rename these accounts as needed.  

Alternatively, you can use this template to update your GL Accounts.

GoldFinch GL Accounts Template 082123.xlsx

GoldFinch uses various GL Accounting group fields for Financial Reporting. Review GL Account Groups - Dependent Picklist Values to ensure they are properly set up for your GL Accounts.

Update Accounting Setup

After you update GL Accounts (Chart of Accounts), remember to go back to the Company Setuppage and Configure Account Posting Setup page to review your accounting setup.

Account Current Year Earnings and Account Retained Earnings are required to run financial reports.

More Information