Specify the account type for the account.

• A/P Retention - Liability account used in conjunction with the Accounts Payable account type to post the portion of an AP balance that is considered retention. Valid account type for all AP Invoices and AP Payments. (Transaction type: General Ledger Only/Normal balance: Credit)

• A/R Retention - Asset account used in conjunction with the Accounts Receivable account type to post the portion of an AR balance that is considered retention. Valid account type for all AR invoices and Cash Receipts (Transaction type: General Ledger Only/Normal balance: Debit)

• Accounts Payable - Liability account associated with vendor transactions for tracking amounts owed. Valid account type for all AP invoices and AP Payments. (Transaction type: General Ledger Only/Normal balance: Credit)

• Accounts Receivable - Asset account associated with the customer transactions. Valid account type for all AR invoices and Cash Receipts (Transaction type: General Ledger Only/Normal balance: Debit)

• Cash Account - Asset account that allows bank reconciliations. Valid account type for deposits, cash receipts, and check printing. (Transaction type: General Ledger Only/Normal balance: Debit)

• Contra Expense - Expense account to offset expense postings, such as overhead. (Transaction type: General Ledger Only/Normal balance: Credit)

• Equipment Cost - Expense Account directly tied to equipment cost. This account type requires a cost type indicator to be defined. (Transaction type: Equipment Cost/Normal balance: Debit).

• Equipment Usage - Expense account directly tied to equipment usage. (Transaction type: Equipment Usage/Normal balance: Credit)

• Equity - Equity account for equity transactions. Valid account type for Year End Retained Earnings accounts (Transaction type: General Ledger Only/Normal balance: Credit)

• Fixed Assets - Asset account associated with Equipment module.(Transaction type: General Ledger Only/Normal balance: Debit)

• Income Tax Expenses - Expense account associated with income tax. These expenses may be allocated to a job, equipment item, or plant through the use of burdens. (Transaction type: General Ledger Only/Normal balance: Debit)

• Indirect Expenses - Expense account used to capture incurred expenses that are related to, but not directly attributable to, a particular job, equipment item, or plant. These expenses may be reallocated to a job, equipment item, or plant. (Transaction type: General Ledger Only/Normal balance: Debit)

• Inventory - Asset account associated with the Inventory Module. Valid account for inventory-related transactions. (Transaction type: General Ledger Only/Normal balance: Debit)

• Non Profit Center Revenue - Income account used for in customer invoices and cash receipts. (Transaction type: General Ledger Only/Normal balance: Credit)

• Notes Payable - Liability account tied to Notes Payable (Transaction type: General Ledger Only/Normal balance: Credit)

• Operating Expenses - Expense account used for General and Administrative expenses. These expenses may be allocated to a job, equipment item, or plant through the use of burdens. (Transaction type: General Ledger Only/Normal balance: Debit)

• Other Current Asset - Asset account for general use. (Transaction type: General Ledger Only/Normal balance: Debit)

• Other Current Liabilities - Liability account for general use. (Transaction type: General Ledger Only/Normal balance: Credit)

• Other Non-Current Asset - Asset account for general use. (Transaction type: General Ledger Only/Normal balance: Debit)

• Other Non-Current Liabilities - Liability account for general use. (Transaction type: General Ledger Only/Normal balance: Credit)

• Project Expenses - Expense account directly tied to project costs. (Transaction type: Project Cost/Normal balance: Debit)

• Project Over/Under Billing Adjustments - Income account used to offset project revenue for over/under billing adjustments. (Transaction type: General Ledger Only/Normal balance: Credit)

• Project Revenue - Income account tied to the project for tracking income activity from project-related customer invoices. (Transaction type: Project Revenue/Normal balance: Credit)

• Project WIP Asset - Asset account for work in progress (WIP) transactions. (Transaction type: Project Cost/Normal balance: Debit)

• Project WIP Liability - Liability account for work in progress (WIP) transactions. (Transaction type: Project Revenue/Normal balance: Credit)

Displays the default normal balance for the selected account type. If you want to override the normal balance, click to select Debit or Credit.

If the account type is Equipment Cost, Project Expenses, or Project WIP Asset, enter the Cost Type screen to be associated with the account or click to select the cost type from a Lookup List.

If the account type is Fixed Assets, Other Current Assets, Other Non-Current Assets, Equity, Other Current Liabilities, or Other Non-Current Liabilities, click and select the cash flow reporting category from a Lookup List. The cash flow reporting category is used to categorize changes to cash flow in the Statement of Cash Flow and Consolidated Statement of Cash Flow reports. View the sample chart of accounts at the beginning of this topic for help on assigning a cash flow reporting category to your accounts.

Click to select the status of the account.

• Active - Account is available for use and appears in lookup lists.

• Inactive - Account is not available for use and does not appear in lookup lists on other screens. However, it persists in previous selections.