Accounts are something to which transactions are assigned. Accounts are classified into eight categories: assets, liabilities, equity, income, cost of sales, expense, other income, and other expense. You can also …
A general ledger entity is an account which holds detailed record of transactions for a particular item. All accounts are in Chart of Accounts (COA).
A class is used to categorize a group of accounts that are basically related to each other. For example, you can create a class that contains accounts for long-term liabilities …
The Assets accounts include assets you currently own, such as cash, accounts receivable and inventory. Liabilities income include the amounts you owe to other individuals or organizations.
The account number identifies an account with AccountRight.
Account type indicates its classification. Header accounts have one of eight classifications, each named the same as the classification. Detail accounts have multiple assets. Each of the other six classifications …
Accounting period refers to financial calendar of a company.
List of accounts or Chart of accounts is list all asset, liabilities, debt, equity, cost of sales, other income and expense .
The amount you owe to someone else after accounting for all of your purchases.
Acumatica offers an ERP module that lets you manage your company’s purchases. The feature helps you speed up the purchasing process, lower costs, and increase efficiency.