Location, Asset, and GL Account Codes

If you are tracking records and transactions by GL account codes, you should consider how you'll be using GL accounts when you are creating your location and asset records and their hierarchies and systems.

It is possible to assign GL accounts to location records, to asset records, or both. On records or transactions where you specify both a location and an asset identifier (a work order, for example), the GL accounts of the asset and the location will be merged, with GL components in the asset taking precedence over GL components in the location if you have GL accounts for both records. If you specify account codes for both locations and assets, use one component for the location, and another for the asset.

For more information, refer to the Financial Manager's User Guide.