SedonaSetup Application General Ledger Setup Tables/Options
Account Type Code Description
OIN Other Income
OEX Other Expense
AR Accounts Receivable
IN Income
BANK Bank
OCA Other Current Asset
FA Fixed Asset
OA Other Asset
AP Accounts Payable
CC Credit Card
OCL Other Current Liability
LTL Long Term Liability
EQ Equity
CGS Cost of Goods Sold
EX Expense
At a minimum, the following G/L accounts are required for each module implemented to process financial transactions:
Accounts Receivable Accounts Payable Job Management
Open Balance Equity (EQ) Accounts Payable Labor Expense
Accounts Receivable (AR) Primary Checking Labor Deferred
Deferred Revenue (OCL) Inventory Receipts
Customer Refunds (OCL)
Late Fee (OIN) Inventory
Discount (IN or EX) Inventory (Asset)
Advanced Deposit (OCL) Cost of Goods Sold (Jobs)
Unapplied Cash (OCL) Cost of Goods Sold (Service)
Unapplied Credit (OCL) Cost of Goods Sold (Other)
Un-deposited Funds (OCA) Physical Inventory Adjustment (COGS)
Prepaid Accounts Receivable (OCL)