The following is a guide to determine the type of Control Account to use in: File, Data Folder Settings, AR Settings, GL Settings.
For Intercomapny Accounts:
Intercompany payable- Other Control Account or any non- control account.
Intercompany Receivable- Other Control Account or any non- control account.
For Balance Sheet Accounts:
Accounts Receivable- AR Control Account.
Retainage Receivable- AR Control Account.
Customer Cash Receipts, (including prepayments)- Any non-control account.
Over billed Retainage- Any non-control account.
For Misc Accounts:
Misc Receipts- Revenue Control Account or any non-control account.
Write-Off- Revenue Control Account or any on-control account.
Bad Debt- Revenue Control Account or any non-control account.
Customer Credit- Revenue Control Account or any non-control account.
Customer Charges, (including Miscellaneous charges) - Revenue Control Account or any non-control account.
Refund- Any non-control account.
NSF Bank Charges- Any non-control account.
Finance Write-Off- Any non-control account.
For Revenue Accounts:
Total Billed- Revenue Control Account.
Labor (optional) - Revenue Control Account.
Material (optional) - Revenue Control Account.
Subcontract (optional) - Revenue Control Account.
Equipment (optional) - Revenue Control Account.
Overhead (optional) - Revenue Control Account.
Other (optional) - Revenue Control Account.
Add-on (optional) - Revenue Control Account.
Deduction (optional) - Revenue Control Account or any non- control account.
Finance Charge (future) - Revenue Control Account.
For Cash Method Accounts (Cash Accounting ONLY):
Customer Cash Receipt Revenue (including prepayments) - Revenue Control Account or any non- control account.
Customer Adjustment Revenue - Revenue Control Account or any non- control account.
Over billed Retainage - Revenue Control Account or any non- control account. DocLink: What are Control Accounts?
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