You can set up default general ledger accounts and resource
codes for standard accounting functions.
Working with general ledger accounts
You can change the configuration of general ledger
account structures to be specific to your organization. You can create
component codes and resource codes to correspond with accounts that
you use in your external accounting system. You can also set up financial
periods, and specify general validation options.
Creating general ledger component values
You define valid component values for general ledger account
codes. You use these values when you select a general ledger account
code.
Changing general ledger account structures
You can change the default component values for general
ledger accounts to be specific to organizations within your enterprise.
You might want organizations to have distinct general ledger account
structures. For example, the lengths of the components might vary,
and the components might be of different data types, depending on
how the components are being used.
Setting up accounts
You can set up organizational default accounts as holding
accounts for financial considerations. You can also specify default
general ledger accounts to be associated with company-related accounts,
as well as external labor control accounts to be associated with general
ledger accounts.
Specifying resource codes for general ledgers
You can specify default values for different types of labor
resources, tool resources, and inventory items. These codes are then
used to determine accounting charges.
Specifying validation options
You use validation options to specify how general ledger
accounts are validated. General ledger accounts are validated when
they are used in general ledger account fields.