Detail Accounts Affect General Ledger Balance Features and Functions
Detail Accounts Affect General Ledger Balance: If users are going to specify the opening balance for all customers, vendors, and inventory items, the installation process should have the ability to pass these values along to the general account in the General Ledger. This is the only method of insuring that the value of, as an example, Accounts Receivable is equal to the sum of the balances in each account.
- Accounts receivable
- Accounts payable
Purchase and Installation Features and Functions