Setting up organization default accounts

You use organizational default accounts as holding accounts for financial considerations.

About this task

You can set up the following global general ledger 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 default account when a ticket for a service request is created and no other account is available.

Tool Control Account

You use the default account when a transaction involves a tool and no other account is available.

1. Open the Chart of Accounts application.
2. In the Organizations table window, select the organization for which you want to define the accounts.
3. Select the Organization Default Accounts action.
4. In the Global Rotating Suspense Account field, click Select Value and choose an account.
5. In the Global Ticket Account field, click Select Value and choose an account.
6. In the Tool Control Account field, click Select Value and choose an account.
7. Click OK.