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.