Concepts

Tasks

Settings

Setting up the GL Holding Account for Serialized Units

The Holding Account for Serialized Units is used to hold the value of issued units:

•	When a serialized unit is issued, the GL account to charge is set to the Holding Account for Serialized Units account.

•	When the serialized unit is returned to inventory, the GL account to credit is set to the Holding Account for Serialized Units account.

The Holding Account for Serialized Units account overrides the account that would normally be derived based on the work order task, asset, and cost type. This account must be a whole account number.

To Create the GL Holding Account for Serialized Units

1.	From the Site window, select the Administration menu and then Accounting Settings. The Accounting Settings dialog appears.

2.	Select the Accounts tab. Enter the following:

Setting Name

Description

Holding account for the value of issued serialized units

The number and name of the account to use to ‘hold’ the value of issued units. It must be an account that is a valid whole account in the GL Accounts table.

3.	Click OK to save your settings and close the Accounting Settings dialog.