This article will show you how to add a new General Ledger (GL) Account to your site. There are three types of General Ledger (GL) accounts that can be created: Asset, Revenue, and Liability. Learn more about the GL Types. 

Instructions

1. Navigate to Configuration > Financial Settings > GL Configurations
   
   
2. Navigate to Chart of Accounts
   
   
3. Click Add New GL Account
   
4. Fill in fields
   
   
   • Code: Label your GL Code (100 characters or less)
   • Desc: Provide a brief description (100 characters or less)
   • Type: Specify if it will be a Revenue, Liability, or Asset account
   • Locations: Select locations to apply the GL Code to
     • Note: Leave unchecked unless you use location-specific codes.
5. Select Save
   
   

Resources

• Activate GL Configuration Settings
• Financial Settings
• Types of GL Accounts
• General Ledger Accounting Guide