Entering the Account for a Basic Transaction Type
This topic explains how to set or change the offset account for a custom transaction type that uses the Basic style. For an overview of account field options and behavior for custom transaction types, see Account Field Setup for Custom Transaction Types.
When a transaction type has a style of basic, you must specify an offset account. The offset account shows the account to be debited (or credited) each time an instance of the transaction type is saved. You define this value by using the Account field for the transaction type.
To enter the account for a basic transaction type:
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Go to one of the pages that lets you configure the Account field, by doing one of the following:
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Go to Customization > Lists, Records, & Fields > Transaction Types, and click the name of the appropriate transaction type. Then, click the Accounting subtab.
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Go to Setup > Accounting > Accounting Preferences, and click the Items/Transaction subtab. On this page, under Accounts, the system lists several transaction types. This list includes all custom transaction types that use the Basic style.
Both of these pages provide a view of the same set of fields, so a change made on one page is visible on the other.
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Use the Account list to select an account. This account is debited or credited each time users enter instances of this transactions type.
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If you want this account to be credited when users enter instances of this transaction type, check the Credit box. In this case, the account named in the Account field is credited each time an instance of this transaction type is saved. The accounts that the user identifies in each transaction instance’s Lines sublist are debited. If you want the reverse behavior, leave the box cleared.
Important:The value of the Credit box can't be changed after creating a transaction instance.
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Click Save.