Setting GL Codes and Groups in an Entity

Setting GL Codes and Groups in an Entity

If you use an entity for Payroll or Invoicing, you will need to configure certain GL codes on the entity.

	Codes Required	Description
Accounts	GL Account Code	Used To detail bank accounts and Intercompany Transfer accounts that you use for payroll and accounts receivable
	GL Expense Code	Currently unused
Invoicing	GST Collection Account Code	Used by all exports with an invoice journal
	Trade Debtor Account Code	Used by all exports with an invoice journal
	Bad Debt Account Code	Currently unused
	Accrued Revenue Account Code	Used by Netsuite
	Temporary Revenue Account Code	Used by Netsuite
	Permanent Revenue Account Code	Used by Netsuite
	Intercompany Loans Account Code	Used by Netsuite
	Timesheet Income Account Code	Part of the GL Hierarchy (very bottom)
	Expense Income Account Code	Part of the GL Hierarchy (very bottom)
Payroll	GST Paid Account Code	Used to detail GST paid to Suppliers

Default GL Group for an Entity

You can assign a default GL Group to your entity in Config > Company Management > select the entity > Accounts, in the Default GL Group drop-down.

The drop-down list will feature an option to use the Portal Default along with any other GL Groups that have been configured in Config > Payroll > GL Groups.