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In a company with a low volume of orders containing one or two unique items, that has easy communication with the warehouse, this will be much easier to maintain than it would in a company doing more than 50 orders a day containing an average of 10 unique items that are shipping from multiple cold storages.
Understanding
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Key Item Properties
| Property | Definition |
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| Posting Type | Identifies whether the Account a Balance Sheet or Income Statement Account. | Insert excerpt |
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| Def - Balance Sheet Account |
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| Def - Balance Sheet Account |
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| nopanel | true |
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| Insert excerpt |
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| Def - Income Statement Account |
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| Def - Income Statement Account |
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| nopanel | true |
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| Category | | Insert excerpt |
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| Def - General Ledger Account Category |
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| Def - General Ledger Account Category |
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| nopanel | true |
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| Account Class | | Insert excerpt |
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| Def - GL Account Class |
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| Def - GL Account Class |
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| nopanel | true |
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| Account | | Insert excerpt |
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| Def - General Ledger Account |
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| Def - General Ledger Account |
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| nopanel | true |
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| Account Description | | Insert excerpt |
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| Def - GL Account Description |
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| Def - GL Account Description |
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| nopanel | true |
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| Control Account Type | | Insert excerpt |
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| Def - Control Account |
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| Def - Control Account |
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| nopanel | true |
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| Control Account Types | - AP Broker Balances
- AP Vendor Balances
- AR Customer Balances
- FA Fishermen Balances
- FA Loan Balances
- GA Grower Balances
- Checkbook Balances
- Retained Earnings
- Sales
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| Typical Balance | Identifies whether the natural balance of the account is a Debit or Credit. This setting is used on some financial reports but does not server any other purpose. |
| Inactive | | Insert excerpt |
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| Def - Inactive |
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| Def - Inactive |
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| nopanel | true |
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| Use In | - Use in GL – Identifies whether a manual Journal Entry can be made against the account. If the value is ‘No’ then the account will not be visible in the GL Account lookup for a manual Journal Entry. Any GL Account with a Control Account Assigned should be set to ‘No’.
- Use in IM – Identifies whether the GL Account is available for use in the Inventory module. This setting is not currently used anywhere in NorthScope.
- Use in AP – Identifies whether this account is visible in lookups on transactions within the AP Module. It is most common that only GL Accounts for purchases are turned on to AP.
- Use in SP – Identifies whether the GL Account is available for use in the Sales Program module. This setting is not currently used anywhere in NorthScope.
- Use in SO – Identifies whether the GL Account is available for use in the simple sales transaction.
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