The Default G/L Tab of System Controls will be displayed as follows:
Enter or edit the information on the System Control Default G/L window according to the following specifications:
Accounts Payable
Enter the Accounts Payable general ledger account number to be used for producer and owner payables created during ticket entry. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button. An entry in this field is required.
Severance Tax
An entry in this field is required if you entered a check mark in the “Book Severance Taxes” field in the company file. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button.
Standing Timber
Enter the default standing timber general ledger account number. An entry in this field is optional. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button. Each time you add a new tract to the system, the default standing timber account number is added to the tract
Tract Overcut
Enter the general ledger account number used to book tract overcuts. If a general ledger account number was entered for the Standing Timber in the previous field, an entry in this field is required. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button. Each time you add a new timber deed tract to the system, the tract overcut account number is added to the tract
Tract Undercut
Enter the general ledger account number used to book tract undercuts. If a general ledger account number was entered for the Standing Timber in the above field, an entry in this field is required. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button. Each time you add a new timber deed tract to the system, the tract undercut account number is added to the tract.
Sales
Enter the general ledger account number used to book sales for most of your products. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button. Although this field is optional, we highly recommend that you enter a default general ledger account number for sales. Each time you add a new product to the system, the sales account number is added to the product file.
Producer Production
Enter the general ledger account number used to book producer cost for most of your products. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button. Although this field is optional, we highly recommend that you enter a default general ledger account number for producer cost. Each time you add a new product to the system, the producer cost account number is added to the product file.
Owner Production
Enter the general ledger account number used to book owner cost for most of your products. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button. Although this field is optional, we highly recommend that you enter a default general ledger account number for owner cost. Each time you add a new product to the system, the owner cost account number is added to the product file.
Performance Deposit
Enter the general ledger account number used to book performance deposits. An entry in this field is required. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button. If your company does not have performance deposits, please enter any valid account number.
Manual Check Adjustment
Enter the general ledger account number used to book the difference between the actual producer or owner settlement amount the manually written check. An entry in this field is required. To display a selection list of the valid account numbers, press Enter, or click on the Lookup button.
To save and exit the System Controls window, press Page Down, click on the OK button, or press “Alt O”. To exit without saving the System Controls window, click on the Cancel button, press “Alt C”, press Esc, or click on the “X” in the upper right corner of the screen.
To access online help, click on the Help button, press “Alt H”, or press F1.