Adding GL Code
- Select 'Add GL Code' under the Chart of Accounts heading (1.2: Adding GL Code).
- Enter a 'GL Code'. Example GL code can be entered 'gstpayable' for GST account or 'corptxpayable' for corporate tax payable. Note that the GL code once added can not be edited/changed.
- If unsure which GL code has been created, click on the 'Popup GL Code List' (1.3: GL Code List). This will open a new window/tab on the browser with the whole of GL code that have been created previously.
- Then select which category the GL code should be categorise under from the drop-down list from 'GL Category'.
- Enter a name and description for the GL code in the respective field for 'GL Code Name' and 'GL Code Description'.
- A GL code reference number can be entered as well.
- Then select the grouping for the GL code. The grouping can go down up to three (3) levels.
- Lastly, select which ledger side the amount should be entered e.g. Debit or Credit side.
- Click on the 'Add Now' button and the updated chart of account will appear.
...