Special Ledger Number and Default Chart of Accounts

This page shows the default ledger accounts that the system automatically posts to. They have been entered according to standard accounting principles. Note that some of the fields are optional and are not required to be filled in. It is not recommended to modify these accounts unless you are absolutely certain you know how your accounting will be affected (if in doubt, call System Five technical support for assistance).

Note the "Select a Country" option. You can select what county you are in, and then press the Create Default Chart of Accounts button to set the chart of accounts automatically for you. This is much easier than manually editing each account. If this button is greyed out it means that either you have not selected a Country or that there are already some account numbers created. You can override this by turning on Supervisor Mode.

System500002995.gif

Sample entries using the Deposit on Work Order

Deposit

Account Book Month Description Debit Credit

2020 2002-06 WO Deposits $50.00
1020 2002-06 Cash Clearing $50.00

After Converting to Invoice

Account Book Month Description Debit Credit

2020 2002-06 WO Deposits $50.00
1020 2002-06 Cash Clearing $50.00
2020 2002-07 WO Deposits $50.00
1050 2002-07 Accounts Receivable $50.00

< Return to: Overview