Note: This Knowledge Base Article is for Accrisoft Freedom Customers using New Advanced Finance.
As you work in the Finance Application adding General Ledger Codes (GL Codes) to the Chart of Accounts, there are four main pieces of data to include with the GL Code:
Account Code: The GL Code itself
Description: A plain text description of the GL Code
Account Type: This is either and Asset, Contra-Revenue, Liability or Revenue account.
Sub-Account Of: This allows for creating a Parent/Child hierarchy of Account Codes
Once an Account Code is created, The Account Type can not be changed.
If a Account Code has been created with an incorrect Account Type, it must be deleted and re-created with the correct type.
To delete an Account Code, place a checkmark in the box to let left of the Account Code you wish to delete.
Click the blue 'Action...' menu.
Select the 'Delete' menu option.
The Account Code will be deleted allowing for the re-creation of the GL Code using the correct Account Type.
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