Related Party G/L Accounts

When working with a related-party customer, override G/L accounts may be used to facilitate the preparation of financial statements.

  • Multi-currency customers cannot also be a related-party customer. A customer can only be set up to use an override currency or be a related-party customer.

  • Related-party features are not available when 'Allow G/L overrides by cost center' is enabled. The system can either use overrides by cost center or the related party logic here.

  • The override G/L codes will default in this window, but can be changed as desired.

FieldDescription
Use override G/L accounts for related-party customer?Select this checkbox to enable override G/L accounts for the selected related-party customer.
Note: If there are open invoices, you will not be able to select or deselect this functionality.
Override A/R trade G/LEnter an override A/R trade G/L account. This G/L code must be a 'Not direct cost' account.
Override retention receivable G/LEnter an override retention receivable G/L account. This can be the same account as the A/R trade G/L account entered above, but must be a 'Not direct cost' account. When left blank, the default installation account will be used.
Override revenue G/LEnter an override revenue G/L account. This cannot be the same account as the A/R trade G/L account entered above, and must be a 'Not direct cost' account. When left blank, the default installation account will be used.