The G/L Accounts tab of the Material Class menu is used to record the account codes to be used when the transactions of the material class are posted to G/L accounts and the Overhead Pool of the transaction.
The codes assigned in the G/L Accounts tab are transferred as default into the slips and invoices. To do so, the G/L Account to which the transactions of the Material Class will be posted must be specified.
The information recorded in the G/L Accounts tab:
Account Code: The code of the G/L Account to be used to track the material class 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 class will be tracked. The Overhead Pool Code is entered or selected by the Overhead Pools list opened by clicking on "..." icon.
The transactions for the materials are grouped under certain accounts according to legal regulations. The G/L account codes and overhead pools are defined using the G/L Connection Codes option of the Main Records menu located under the Overhead Pools or 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 class 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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