Page History

...

1. In GL Account Defaults there is a specific tab 'FinAccount Type Gl Account' for specifying which type of Financial accounts are posted to which general ledger account.
2. In GL Account Defaults there is also a tab 'Payment Method Id / GL Account ID' for specifying the account  to post transactions to if 'Financial Account' is selected as the Payment Method instead of (Cash, Cheque, Credit Card, etc). By default the demo setup posts transactions to 111100 GENERAL CHECKING ACCOUNT.

Example: A customer orders products from you and pays using their financial account.

Incoming Payment - CR 213500 CUSTOMER DEPOSIT ACCOUNTS / DR

TO DO: Show an example financial account transaction and the expected GL postings....

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.

...