Definition: What is this?

TO DO: add simple explanation

What is it used for?

The Global GL Settings tab is where a limited global or 'master' accounting configuration can be done.

These include:

  • Reviewing the chart of account structure or hierarchy (Navigate Accounts)
  • Adding new accounts
  • Updating an existing account (eg. change the description, change the type of account, change parent account or hierarchy)
  • Linking an account from the master chart to 'Company' or any other of your company departments, sub departments or business units.
  • Creating new component costs
  • Setting defaults accounts for different types of payments
  • Setting default accounts for invoices line items (Note : This includes all types eg commission, purchase, return, sales, etc)

NOTE: Some of the configuration specified here can be over-ridden using the General Ledger tab.

What's on the screen?

TO DO:

2 Comments

  1. Prasanthi

    Hi friends,
    I want to implement the concept of sub-ledgers, does Ofbiz supports it. If yes how to achieve it ?

    Can anyone please help me out ?

    1. Jacques Le Roux

      Please use rather user ML for such question.

      BTW here is link for you