Pathway: Setup > Accounting > GL Account
A GL (General Ledger) account is an essential part of a company’s accounting system, capturing all financial transactions. It organizes sales, services, and expenses into specific ledgers, giving a clear financial overview. Use the GL Account Setup screen to review or add new GL accounts.
Create a GL Account
To add a GL Account, click the 'add' icon located in the left corner of the screen. This will open the Create GL Account popup. Enter an ID for the GL Account and a Name to identify it in the system. If the GL Account is marked as Active: 'Yes,' it will be available for use once saved.
Assign a GL Account
Once a GL account created, it can be used by service codes, charge codes, surcharges, taxes, and other transaction and banking related setups to record financial activity. Billing will use the GL Account assigned at the time the billing is processed.
Track GL Transactions
After billing is processed, expenses and revenue are organized by their GL Account which can be further segmented to track by specific division, lines of business, service regions, account classes, and more, to provide a detailed financial analysis. This information can be reviewed in Accounting > GL Transaction Processing. For more details on the GL Transaction Processing screen and configuring GL segments, refer to the following documentation: GL Transaction Processing and GL Segmentation Setup.
Permissions
The following permission is required to view and add GL Accounts: