Use this tab of the form to select default GL accounts to be used for incomes and expenses for all entities or for the selected entity.
Default GL accounts. The Income & Expenses tab
The Profit and Loss field is intended for the default GL account to be used to record the profit or loss that incurred in the current period. Profit and loss is posted to the account as the result of running the month-end closing process. For more information, see Month-End Closing service tool.
Use the Cost of Services field to select the default GL account for accruing the costs of sold services. This account is used for cost allocation if the month-end closing process is done using a method that allocates the expenses proportionally to the cost of goods or services.
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