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NOTE: 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.
NOTE: 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, Billing Account etc).
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.
What is it used for?
These include:
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What's on the screen?
TO DO
How do I create a financial account?
HOw