The account codes to be used to track the material transactions posted to the general ledger are recorded in the G/L Accounts tab of the Material. The codes assigned in the G/L Accounts tab are transferred as default into the slips and invoices. The information recorded in the G/L Accounts tab:
Account Code: The code of the G/L Account to be used to tracked the Material transactions when they are posted to G/L accounts. The code can be selected from the chart of accounts list opened by clicking on "..." icon.
Overhead Pool: Indicates the Overhead Pool where the transactions of the Material will be tracked. The Overhead Pool Code is entered or selected by the Overhead Pools list opened by clicking on "..." icon.
The General Ledger Account Codes are assigned directly from the Material Class or using the G/L Connection Codes located under the Main Records menu of the General Ledger section.
The transactions for the materials are grouped under certain accounts according to legal regulations. The G/L Connection Codes are defined and the G/L account to be used for material transaction tracking is specified in the General Ledger section. If these codes are selected to be transferred as default into the records, the codes are transferred as default to the General Ledger Codes window.
If the transactions of the Material are required to be grouped under a different account or Overhead Pool in the G/L Connection Codes and Overhead Pool, the default codes can be changed.
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