Overview
Control accounts are accounts that only the system can post to - this ensures that the balance of these accounts have not been adjusted by manually posting journals. These are the default accounts to use for transactions in the system.
Set all the defaults to be used in the system for GL codes for particular transactions
- '''Trade Debtors, Creditors'''''' - for invoices
- GST Paid and collected'''''' - for GST
- Dftl Income and Expense''' is Default Income and Expense Accounts
- '''Undeposited Funds'''
- '''Cash Discrepancy''' Undeposited Funds - for funds received but not yet deposited (eg cash in a till)
- Cash Discrepancy - for when counting cash floats
- '''Invoice Rounding''' on sales invoices
- '''Delivery Charges''' on sales orders
- '''Goods Received not Inv''' is goods received not invoiced
- '''Default Stock Asset''' - Inventory stock on hand
- '''Cost of Sales''' - COGS
- '''Cost of Sales Assembl''' - is cost of Sales Assemblies that are assembled only when sold and not stocked.
- '''Warranty ''' costs for parts and labour
- '''Stock write off''' - example returns to scrap
- '''FC Position''' Foreign Foreign Currency'
- ''GST Rate'''