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Creating summary accounts

Designating ledger accounts to accept departments

Creating ledger accounts

To create a ledger account:

  1. Open 1-7 General Ledger Accounts.
  2. In the data control box, enter the ledger account number.
  3. In the Short Name box, enter a brief description of the ledger account.
  4. If an account uses departments or subsidiary accounts, the departments or subsidiary accounts must be set up before posting transactions. In the Subsidiary list, click 1-Subaccounts or 2-Departments.
  5. Click File > Save.

Tip: Summary accounts let you combine ledger accounts for reports.See How to set up ledger control accounts and subaccounts