G/L Account Class Codes

G/L Account Classes are used by the system to build dropdown lists for G/L accounts, and in some instances, prevent an invalid G/L account to be used.

The table below lists the type of G/L account classes, their code value in the ACCOUNT_CLASS table in GLTACCT and an explanation of their purpose.

G/L Account Class	Code
Accounts Receivable	AR	Accounts Receivable or any class that could receive transactions from invoicing
Bank Account	BA	Any G/L account to appear in Cash Mgmt or cash account from A/R or A/P
Cost of Goods Sold	CG	Any purchasing accounts for inventory.
Finance Charge	FC	Account to be credited when used in A/R Service Charges
Retained Earnings	RE	When fiscal year is closed, this account receives the sum of income & expense accounts.
Sales	SA	Sales G/L account used in ARTPROD credited when products are sold.
Sales Discount	SD	Account to receive debit from A/R Discounts given to customers.
Sales Tax Payable	ST	Account(s) flagged as Sales Tax payable.
Inventory	IN	Inventory asset G/L account(s)
Accounts Payable	AP	Accounts Payable Account - CR during A/P invoice vouchering, DB on A/P check printing.
A/P Expense	EX	Expense accounts from A/P - DB during A/P invoice vouchering.
A/P Purchase Discoutns	PD	Discounts extended from VENDORS for on-time payment.
A/P Tax	PT	Used for A/P Use Tax Reporting.