You can use general ledger account codes to enable
financial reporting. You specify the component values for general
ledger accounts. You can also specify a date range for an account
to be active. For example, you can specify that a general ledger account
for a specific craft is active from 02/25/2010 through 02/25/2011,
and expires on 02/26/2011.
About this task
If the date set in the
Expiration Date field
is in the future, the general ledger account remains active until
the specified date is reached. If no expiration date is specified,
the general ledger account does not expire.
Procedure
- In the Chart of Accounts application, select the organization
for which you want to create a general ledger account code.
- Click New Row.
- Specify the component values for the general ledger account
value.
- Click OK.
- Optional: Change the long description. If you change the descriptions for component values, the
general ledger account description is not updated. Update the general
ledger account description manually.
- Optional: Specify the appropriate
type code.
- The default for the Active Date field
is the date that the general ledger account is created. To activate
the account at a different date, specify a future date. The general
ledger account remains inactive until the date specified is reached.
The read-only Active check box shows as cleared
to indicate that the account is not active.
- If you want the general ledger account to expire
by a specific date, specify a date in the Expiration Date field.
- Save your changes.
Results
After you save your changes, you cannot edit the
GL
Account field.