G/L Account Types

These are the description types that you can use for an account when setting it up. New G/L Account Types cannot be added.

Account Description Type
The different account types are:

  • Current Assets
  • Fixed Assets
  • Other Assets
  • Current Liabilities
  • Long Term Liabilities
  • Other Liabilities
  • Equity
  • Income
  • Cost of Goods Sold
  • Lease Operating Costs
  • General and Administrative Costs
  • Depreciation and Depletion
  • Other Income
  • Other Expenses
  • Taxes
  • Pension and Bonuses
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