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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.

{| border="5" cellspacing="0" cellpadding="5" align="center"
! 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.
|-
|}

G/L Account Class Codes - Revision history

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