Manage General Ledger for Assets

This section covers the configuration of General Ledger (GL) accounts for assets. Proper GL setup is crucial for accurate financial tracking and reporting.The steps are as follows:

Configure GL Accounts

1. Navigate to Assets > Assets > General Ledger.
2. Click on the ‘New’ button.
3. Fill out the following mandatory fields:
4. GL Account Code: Enter a unique code for the GL account.
5. Account Name: Provide a descriptive name for the account.
6. Account Type: Select the appropriate account type (e.g., Asset, Liability).

Assign GL Accounts to Assets

1. Navigate to Assets > Assets > General Ledger.
2. Link the GL account to the relevant asset by selecting the asset from the list.
3. Ensure the correct GL account is assigned for accurate financial tracking.

Save the Configuration

1. Navigate to Assets > Assets > General Ledger.
2. Review the entered information.
3. Click ‘Save’ to finalise the GL account setup.

For more detailed instructions, please refer to the Assets > Assets > General Ledger article.