| Item | Description | Category | Purpose |
|---|---|---|---|
| 1 | Location | n/a | Used for account override and can be setup in the chart of accounts/ location segment |
| 2 | Company | n/a | Used for account override and can be setup in the chart of accounts/ Company segment |
| 3 | Bank Account | Cash account | Used to default bank account for this location |
| 4 | AR Account | Accounts receivable | This is the default account set on an invoice as a default |
| 5 | AP Account | Accounts Payable | This is the default account set on a voucher as default |
| 6 | Vendor Prepaid | Vendor Prepayments | This is the account that will be created for holding the amounts in prepaid. |
| 7 | Customer Prepaid | Customer Prepayments | This account holds the customer deposits |
| 8 | Service charges | General | This is the service charges account where the offset to the AR will be held.. this would be service charge revenue or collections interest revenue |
| 9 | Sales discounts | General | This is entered as discounts on the sales invoice |
| 10 | Cash Over Short | General | Used in the POS system when a daily drawer is not adding to the cash on hand total. |
| 11 | writeoff | writeoff | This is used in Cash receipts to default the account used to write off amounts over or short discovered during cash receipts |
| 12 | Commissions Expense | General | This is used as the expense account for commissions |
| 13 | Credit Card Fee | General | |
| 14 | Sales account | General | This is the default sales account for invoice entry for miscellaneous sales |
| 15 | Purchase discount | General | This is the account used for terms discounts amounts |
| 16 | Interest account | General | This is the amount used in cash receipts as a counter |
| 17 | Withholding | General | This account is not used at this point |
| 18 | Undeposited funds | Undeposited funds | This account is used as the offset on a cash receipt (Credit AR , Debit undeposited funds) |
| 19 | Deferred payable | Deferred payable | This is the deferred payable account that is credited when Deferred payables is created |
| 20 | Petty cash | Not used | |
| 21 | Deferred Revenue | Deferred Revenue | Software |
| 22 | Deferred payables interest | General | This is the interest charged on AP Deferred payables |
Overview
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