Organizational default accounts for general ledgers
In the Chart of Accounts application, you use organizational default accounts as holding accounts for financial considerations.
There are three organizational default accounts:
- Global rotating suspense account - You use rotating suspense accounts to hold the accumulated cost of repairs for rotating equipment.
- Global ticket account - You use the global ticket account when a ticket for a service request is created and no other account is available.
- Tool control account - You use the tool control account when a transaction involves a tool and no other account is available.
In the Chart of Accounts application, you use the Organization Default Accounts action to define default accounts.