Setting Up Accounts

An account identifies the type of economic activity represented by an accounting transaction. Examples of accounts are Permit Revenue or Advertising Expense.

Account is one of the six segments (fields) that may be specified for each accounting rule distribution line to classify the transaction for financial and operational reporting purposes.

Note: You must specify an account value on every distribution line.

You add, modify, and delete accounts on the Account page.

Adding an Account

1. Select Accounting Setup > Account.

2. On the Account page, click Add.

3. On the Account Details page, enter values for the following fields:

   Page Element	Description
   Account	Enter a unique identifier for the account.
   Description	Enter a description of the account.
   Account Type	Select a type for the account. Valid values are: Assets Liability Equity Expenses Revenue
   From Date and To Date	Enter the date range for which the account is valid.

4. Click Save.

Modifying an Account

1. Select Accounting Setup > Account.

2. Click a row on the Account page.

3. On the Account Details page you can:

   • Update the account field values.

     Note: You cannot edit the Account field.

   • Delete the account. You will be prompted to confirm the permanent deletion.

4. Click Save.

Deleting Accounts

1. Select Accounting Setup > Account.

2. Click Edit.

3. Select the check boxes next to the accounts you want to delete.

4. Click Delete. You will be prompted to confirm the permanent deletion.