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NOTE: In GL Account Defaults there is also a tab 'Payment Method Id / GL Account ID' for specifying the account account  to post transactions to if 'Financial Account' is selected as the Payment Method instead of (Cash, Cheque, Credit Card, Billing Account etc). By default the demo setup posts transactions to 111100 GENERAL CHECKING ACCOUNT.

TO DO: Need to investigate to see if you can separate a party financial account to a specific GL account. The GL account default setup is specifies type only (not by party and type...???) - so all financial accounts are consolidated into one GL account by type.

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