Accounting > Financial > Association General Ledger Setup (Trans Type Tab)
Learn how to link Transactions Types to General Ledger accounts.
NOTE- In order to complete this step you must first set up your Transaction Types via the Manage Firm Trans Type page in the Accounting >A/R > A/R Setup menu. These Types are used to differentiate charges that appear on the Homeowner account ledger. CLICK HERE for more information.
Step 1. Navigate to Accounting > Financial > Association GL Setup page.
Step 2. Use the Search fields to find the Association you need.
Step 3. Click the Pencil icon next to the Association to edit the record.
Step 4. Select the Trans Type Tab
Step 5. In the search field pictured below, select Inactive from the dropdown menu.
Step 6. Click the Search button to return a list of all Transaction Types that have not yet been linked to General Ledger accounts.
Step 7. Click the Pencil icon to edit the record.
Step 8. Complete the fields below that apply to the Association.
Add to All Associations - Click to add this set up to all associations.
Receivable - This account will be the default receivable account for this transaction type.
NOTE - Not used with cash accounting.
Prepaid - This account will be the default prepaid account for this transaction type.
NOTE - Typically entered as a revenue account with cash accounting.
Department - This is an optional field. Select the department for this transaction type.
NOTE- If the Enable GL Department flag is checked on the Overview tab, this flag is not needed on the Trans Type tab.
Association Ledger Num - This is an optional field. Select the association ledger for this transaction type.
Writeoff - This is an optional field. Use this option if you want to add additional general ledger writeoff options (other than set up on Overview tab). Select the account you want to use, and click the arrow to move it to the "Selected" column.
Step 9. Click the Save button to finalize the setup.