if you look at the demo data you will see a GL and default accounts. discuss this with an accountant that knows your business.
not sure what you asking about fanatical account section being the right place.
========================= BJ Freeman <http://bjfreeman.elance.com> Strategic Power Office with Supplier Automation <http://www.businessesnetwork.com/automation/viewforum.php?f=52> Specialtymarket.com <http://www.specialtymarket.com/> Systems Integrator-- Glad to Assist Chat Y! messenger: bjfr33man Jonatan Soto sent the following on 8/23/2010 3:20 PM:
Hi all, Anybody knows what is the effect of defining an account as 'Loan Account'? I am in a situation here where the bank account type and the loan account are the same, but I don't know if I should create just one, as bank account, or two. I'm just wondering too if the financial account section is the right place to put all the transactions (deposit/withdrawal) made by the company (as internal org) like granted loans, purchase of fixed assets, etc. that should be posted on the GL and apply the amount to an specific fin. account. I'll appreciate if someone can shed some light on this.
