You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Any implications if the account type of an Asset in the COA setup is not very specific?

Summary:

Would there be issues if the Cash Clearing natural accounts have account types as just Assets and not a more specific one like Asset - Cash Clearing?

Content (required):

Same question goes with the other natural accounts, can we just use the generic account types - Assets, Liabilities, Equity (except of the specific retained earnings account), Revenue, and Expense?

Version (include the version you are using, if applicable):

23A

Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!