General Ledger Settings
Use the General Ledger Settings to create and maintain accounts, account ranges, and summary and detail account groups.
The General Ledger settings contain several submenus for managing information about general ledger accounts and account groups, as well as budget groups.
- Related Topics:
- General Ledger Options Settings
Use General Ledger Options to specify global settings such as cash-basis reporting, default account group tables, and whether or not name changes are allowed in the Chart of Accounts. You can also enable approvals for general ledger budgets. To post cash-basis entries when you post timesheets or labor adjustments, enable cash-basis postings for labor transactions. - Chart of Accounts Settings
When you set up accounts, you specify account numbers and names, set the status and type, and establish account groups. - Account Group Names Settings
An account group name is a label for a grouping of accounts, such as Unbilled Revenue. You create a master list of account group names on the Account Group Names form. - Account Group Tables Settings
Use the Account Tables form to associate account groups with accounts. You must set up account group names before you create account group tables. Each table provides Vantagepoint with one scheme for grouping accounts for financial reporting purposes. - Consolidated Reporting Settings
If you use multiple currencies, you may want to generate consolidated financial statements for multiple companies. Consolidated Reporting Settings lets you set up this grouping.
Parent Topic: Settings