Reassigning GL Account from Line Item Code for List

You can reset the GL account for GL transactions based on the related line item code's current settings:

  1. Navigate to Menu > Accounting > General Ledger.
  2. Use the Quick Search bar to find the transactions you want to reassign.
  3. In the menu bar, click Actions > Reassign GL Account for List from Line Item Codes.

This will update the GL Account in the found set of transactions, according to the following guidelines:

  • Inventory transactions currently assigned to an asset account will be updated to the related LIC's Inventory Asset account.
  • Invoice transactions will be updated to the related LIC's Revenue account.
  • Purchase order and purchase transactions currently assigned to an asset account will be updated to the related LIC's Inventory Asset account.
  • Purchase order and purchase transactions not assigned to an asset account will be updated to the related LIC's Cost account.
  • Auto-generated GJ transactions currently assigned to an asset account will be updated to the related LIC's Inventory Asset account.
  • Auto-generated GJ transactions not assigned to an asset account will be updated to the related LIC's Cost account.

For all other transaction records, the GL account will stay the same.