The following controls, flags and settings are located in the GL Static Control F/M.
General tab
1. Retained Earnings G/L #
Specify the GL account number for retained earnings. The entry must be a valid GL account number. If you are setting up the record for the first time, press F3 to skip fields #1 and #2.
2. Out-Of-Balance G/L #
Specify the GL account number for an out-of-balance account. .
3. Journal for Retained Earnings
Specify a journal number to be used to post retained earnings at the end of the fiscal year. (The system posts the entry automatically.) The entry must be a valid journal number.
Indicate whether you want to allow corrections or deletions in the Journal Entry program. (Some users answer no to preserve audit trails making an offsetting/correction journal entry necessary.) This setting initially defaults to selected (Yes).
5. Change/Delete Ending Balances
Indicate whether you want users to have the option of changing and deleting account balances in the Account F/M program. Press Enter to initially default to selected (Yes).
6. Yearly Journal Entry Periods
Specify the number of prior periods to store for yearly journal entries (0-26). Press Enter to initially default to 0.
API Settings tab
1. Default journal
Specify the default journal to use for imported journal entries, when not provided by the API.
2. Unbalanced
Indicate whether to automatically balance or reject unbalanced imported entries.
3. Default Memo
Specify the default memo to use for imported journal entries, when not provided by the API.
You have these options.
Delete to remove to information in the record,
Save to save your changes,
Done to return to the GL Maintenance menu.
See also