Printer FriendlyG/L Control Accounts
G/L control accounts are G/L accounts with corresponding journals (sub-ledgers). PCLaw records the physical transaction and its details in a Journal when you make an entry and posts a debit or credit to the corresponding control account on the General Ledger.
Data entry features that post transactions to a sub-ledger of a control account also simultaneously post a debit and credit to the General Ledger. PCLaw automatically allocates one side of the transaction, either the debit or credit (depending on the data entry window) to the G/L control account. You manually allocate the other side of the transaction to the G/L account number that you enter in the G/L Account column or box on the data entry window. For example, the General Check (Cheque) window automatically credits the G/L 1000 and debits any expense G/L account that you enter in the G/L Account column.
The terms control accounts and reserved accounts are interchangeable, but reserved accounts are slightly different. A reserved account does not have a direct sub-ledger that tracks its balance, but you can still reconcile the reserved account's balance to figures found on various journals.
The following articles are available to help you identify G/L Control accounts within your PCLaw books:
