Before you start creating GL Code, please refer to
ACCOUNTING > CONFIGURATIONS > CHART OF ACCOUNTS > VIEW GL CODES. Please DO NOT create GL Codes that are default in the system.
In Wavelet, each chart of account is defined by a GL Code, and each GL Code has to tie to one of the existing GL Category.
Users could define additional attributes for each of the GL Code for reporting purposes.
For a system with multiple PC Centers, each GL Code
will have different General Ledger for different PC Center. This means
that if there are 10 PC Centers in the system (10 Profit & Loss
Statements and Balance Sheets), each general ledger are specific to
only one PC Center, and does not mix with another general ledger that
shares the same GL Code, but different PC Center.
The way users classify the GL Category of the GL Code will affect how and where the General Ledger will appear in the Profit and Lost statement of the Balance Sheet.
Users are not allowed to configure the GL Category
because the system has some build in attributes for the categories that
defines the section at which the GL Code would be displayed in the
financial statements.
To add a GL CODE, click ACCOUNTING > CONFIGURATIONS > ADD GL CODE