Creation of G/L Account on Microsoft Dynamics Nav Business Central

Hello Friends,

In this tutorial, we will learn how to create a G/L account on business central. A general ledger account is used to debit and credit amount while a list G/L Account is know as a chart of account.

Step 1:

To create a G/L Account go on the following menu:

Main Menu --> Department --> Financial Management --> General Ledger --> Chart of account.

Step 2: 

Click on the button New and fill the required information

General
No	Enter the number of the G/L Account
Name	Enter the name of the G/L Account
Name 2	If the name is long, split the name and enter the second part here
Vendor Name	If the G/L account is linked with a vendor enter the vendor name
Bank Account No	If the G/L account is linked with a bank account no enter the account no
Income/Balance	Precise whether the account is an income statement or a balance sheet
Account Category	Select an account category
Account Subcategory	Select an account subcategory
Debit/Credit	Always enter both
Account Type	Select an account type
Totaling	When you will indent the chart of account the totaling field will be populated automatically
Search Name	If you want to enter a search name for the G/L account
Direct Posting	If this field is checked, mean you can post transaction in the G/L Account
Blocked	If the G/L account is no longer in use, you can blocked it so that it will not appear in trial balance
Posting
Gen. Posting Type	Enter a General Posting Type
Gen. Bus. Posting Group	Enter a General Business Posting Group
Gen. Prod Posting Group	Enter a General Product Posting Group
VAT. Bus. Posting Group	If the G/L Account is taxable enter the VAT Business Posting Group
VAT. Prod. Posting Group	If the G/L Account is taxable enter the VAT Product Posting Group
Consolidation
Consol. Debit Acc.	If consolidation need to be done, enter the Debit Account
Consol. Credit Acc.	If consolidation need to be done, enter the Credit Account

Click on OK to close.