GL Account

GL Account Basic Fields

• Account No. - The preferred format is No.-Description, such as 1010-TD Bank Checking.
• Account Type - Specifies the Account Type of GL Account.
• Accounting Variable 1,2,3, or 4 Required - If checked, Accounting Variable 1, 2, 3, or 4 cannot be blank when inserting new GL Entries.
• Amount - A calculated summary of the underlying General Ledger entries.
• Bank/Credit Card Account - Checking this field indicates that the GL Account is a Bank/Credit Card Account.
• Blocked - When selected, no new GL entries can be posted to the GL account.
• Cashflow Category - This setting is used for running the Cash Flow Statement. It is not necessary to assign a Cash Flow Category to each individual transaction.
• Consolidation Rate Type - Options include Average, Current, and Historical. This setting is used for financial consolidation purposes.
• Difference - Calculated as: xAmount - xGL Summary Amount. The Difference should be zero after each GL Entry is posted or after the Nightly Cost Routine is run.
• Do Not Use on General Journal - When checked, the GL Account will not be available to use on the General Journals Edit page.
• Entry Count - The total count of the underlying General Ledger entries.
• Foreign Amount - A calculated summary of the underlying General Ledger entries.
• Foreign Currency Code - The Currency Code associated with the GL Account.
• GL Ledger Code Filters
• GL Ledger1-10
• GL Summary Amount - A calculated summary of the underlying General Ledger summaries for the amount.
• GL Summary Count - A count of the total underlying General Ledger summaries.
• GL Summary Credit - A calculated summary of the underlying General Ledger summaries for credit.
• GL Summary Debit - A calculated summary of the underlying General Ledger summaries for debit.
• Inventory Account - If checked, the GL Account is an inventory account. It is mainly used to reconcile inventory GL Entries with Cost Entries.
• Last Check No. - The number of the last check issued from an Account.
• Revalue Open Foreign Balances
• Statement Type - Must be Balance Sheet or Income Statement.
• Sub Type1 - Used in conjunction with the Type field to further classify GL Accounts. Balance Sheet accounts must be Assets, Liabilities, or Owners Equity.
• Sub Type2 - Used in conjunction with the Type and Subtype 1 fields to further classify GL Accounts in reports. This pick list is dependent on Subtype 1.
• Total Credit - A calculated summary of the underlying General Ledger entries for credit.
• Total Debit - A calculated summary of the underlying General Ledger entries for debit.

Article GL-Account  ·  Last updated January 08, 2026 · GoldFinch ERP Help Center