Posting Account Settings

In Posting Account settings, you specify default general ledger accounts to use for your company, intercompany billing, organization distributions, gains, and losses. You also enable detailed subledgers for intercompany billing in Posting Account settings.

You enter settings for the following:

• Detailed Subledgers for Intercompany Billing: Enable detailed subledgers for intercompany billing transactions.
• Company Accounts: Select general ledger accounts to debit or credit automatically (implicitly) for the active company you are logged in to.
• Credits and Debits by Organization: Determine how you want to distribute debits and credit associated with specific postings by organization. If you use multiple companies, you can also specify the organization that receives the implicit side of intercompany postings.
• Expense Credits: Determine the credit side of the entry for miscellaneous expenses, prints and reproductions, employee expenses, and employee advances.
• Intercompany Billing Accounts: If you have multiple companies in Vantagepoint, set up intercompany accounts to facilitate transactions between the companies within your enterprise.
• Gains, Losses, and Revaluations: Set up default general ledger accounts and projects for realized and unrealized gains and losses.