Chart of Accounts

Introduction

In Wavelet, each chart of account is defined by a GL Short Hand/GL Code, and each GL Code has to tie to one of the existing GL Category.

Users could define additional attributes for each of the GL Code for reporting purposes.

Please refer to System Default GL Code and System Default Journal Posting

System with Multiple Company

Each GL Code will have different General Ledger for different Company. This means that if there are 10 Companies in the system (10 Profit & Loss Statements and Balance Sheets), each general ledger are specific to only one company, and does not mix with another general ledger that shares the same GL Code, but different Company.

The way users classify the GL Category of the GL Code will affect how and where the General Ledger will appear in the Profit and Lost Statement and Balance Sheet.

Users are allowed to configure the GL Category to suit the Management Report

• Add GL Code
• View GL Codes
• Merge GL Code
• Upload GL Code