This form is available if the Land and Buildings Accounting option is selected on the Administration > Settings > General Settings form.
To open this form, click the Land and Buildings GL Accounts link on the Accounting > Master Data > Land and Buildings form.
The list includes all sets of default GL accounts that are used for land parcels and buildings of the company in your application.
The Land and Buildings list. Default GL accounts
This list includes all the default accounts that are used for land parcels and buildings. The settings are flexible. You can choose to use the same default GL accounts for all land parcels and buildings, or separate sets of GL accounts for land parcels and buildings of all entities, or you can set up specific sets of default accounts for buildings of specific entities, or you can assign specific sets of accounts to particular land parcels or buildings.
For example, on the screenshot above, a single predefined set of default accounts is intended for land parcels and buildings of all entities. The GL accounts that will be used for any land parcel or building of any entity are listed in the table's rows with no entity name in the Entity column.
When you post a transaction associated with a particular asset, the program will use the default accounts as follows:
- From a specific set of accounts defined for this particular land parcel or building if there is such a set.
- From a specific set of accounts defined for the group to which this particular land parcel or building belongs if there is such a set.
- From a specific set of accounts assigned to land parcel or building of the entity to which this asset belongs if there is such a set.
- From the default set of default accounts initially intended for all assets (land parcels or buildings) of all entities.
See also