What is general ledger (GL) coding?
General ledger coding allows businesses to easily track recurring expenses, by assigning a number or code for each type of expense. These expenses can include the item number, customer, shipment method, and others. With a GL coding system, one can quickly analyze and report data by looking up a GL code and every transaction meeting those parameters will instantly be available. This will help your company make informed decisions on leading your business to success.
How are invoices GL coded?
from Version IPUS7.4T1 previous versions
There are several opportunities to enter general ledger account coding throughout the approval and completion process. Information is entered easily in the GL Coding Table using a combination of data entry fields and select lists.
A vendor’s GL coding table data can be saved and stored within the vendor master record. The GL coding table will be prepopulated for the vendor’s next invoice. The GL coding table is easy to update while processing an invoice and can be saved back into the vendor master record for the vendor’s next invoice.
The user can also elect to leave the template empty for those vendors that do not need a prepopulated GL coding table.
How are invoices GL coded?
from Version IPUS7.4T1 previous versions
There are several opportunities to enter general ledger account coding throughout the approval and completion process. Information is entered easily in the GL Coding Table using a combination of data entry fields and select lists.
