What are Setup Type Accounts?
There are features and functions in AcctVantage that automatically use certain GL Accounts that are assigned as "special" accounts. Only a small percentage of your accounts will have a Setup Type assigned and they are generally assigned during the initial implementation of AcctVantage. If you are creating a new account, and think you may need to assign a Setup Type, please consult with AV Support first.
To define Special Accounts, assign one of the following Setup Type values to the GL account.
- A - AR Aging
Control Accounts for Client Accounts Receivable.
- A - Checking
Cash Accounts for processing Receipts and Checks.
- L - Client Deposits
Control Account for Client Deposits.
- A - Inventory
Control Accounts for Product + Warehouse Inventory Sub-accounts.
- L - AP Aging
Control Accounts for Vendor Accounts Payable.
- L - Inventory Holding/Accrued Inventory Payable
Control Account for Vendor Accrued Inventory Payable (i.e. for processing inventory-related vouchers)
- L - Deferred Revenue
Used to capture sales revenue for Sales Orders that have been Invoiced and posted, but not yet fulfilled.
- N - Retained Earnings
For accumulation of current and retained earnings (there can only be one of these accounts.)