Reassigning GL account from Category for List

To reset the GL account for GL transactions based on the related categories' default settings, follow these steps.

  1. Navigate to the General Ledger module (Accounting > GL Accounts > General Ledger).
  2. Find all transactions you'd like to reassign.
  3. From the Action menu, select Reassign GL Account for List from Categories.

This will update the GL Account based on the current value in the related category according to the following guidelines.

  • If it’s an inventory transaction currently assigned to an asset account, Inventory Asset will be used.
  • If it’s an invoice transaction, Revenue will be used.
  • If it’s a purchase transaction currently assigned to an asset account, Inventory Asset will be used.
  • If it’s a purchase transaction not assigned to an asset account, the Cost account will be used.
  • If all the above fail, the general ledger account will stay the same.
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