Follow these steps to setup general ledger (GL) account assignments. The attached tip sheet is provided as a tool to use when setting up the assignments.

After you set up general ledger accounts, you can set up general ledger assignments that indicate the correct general ledger account for funds.

1. Open System Administration, and then click Setup. The Setup screen appears.
2. Select GL Account, and then click Open. The GL Account screen appears.
3. Select a general ledger account, and then click Assignment. The GL Account Assignment Setup screen appears.
4. Click New. The New GL Account Assignment screen appears.
5. Under Transaction Information, select Credit or Debit to indicate whether the normal transaction for the GL Account displayed at the top of the screen is a debit or a credit. If you select Credit, the Transaction Information section appears as the Credit Transaction Information section, and the Account Information section (which deals with the offset account for the assignment) appears as the Debit Account Information section. If you select Debit, the Transaction Information section appears as the Debit Transaction Information section, and the Account Information section appears as the Credit Account Information section. The default value is Credit.
6. Under Transaction Information, select the appropriate funds type for the general ledger transaction from the Category drop-down list.
7. Under Transaction Information, enter a description of the general ledger transaction.
8. Under Account Information, select the account that you want to use as the offset account for these general ledger transactions from the Account Description drop-down list. When you select an account, the general ledger account code for that account appears in the GL Account Code field.
9. If you want to include funds from a particular loan type in the general ledger account for this assignment, select at least one check box under Loan Types. All check boxes are selected by default.
10. Select the general ledger plans that you want to use with the general ledger account for this assignment from the GL Plan list on the left, and then click Add. The selected plan appears in the list on the right. All plans are selected by default. (The use of general ledger plans is optional. If you have not set up general ledger plans, the GL Plan list is empty.)
11. Select the investors that you are including funds for in the general ledger account for this assignment from the Investors list on the left, and then click Add. The selected investor appears in the list on the right. All investors are selected by default.
12. If you want to assign fees by fee group, click Fee Group. Use this when you add an assignment for a fee account (for example, an account that you will use for corporate advances). The GL Account Assignment for Fee Group screen appears.
13. Select the fee groups that you want to use with the general ledger account for this assignment from the Available Fee Groups list on the left, and then click Add. The selected fee group appears in the list on the right. All fee groups are selected by default.
14. Select the money types that you want to use with the general ledger account for this assignment from the Available Money Types list on the left, and then click Add. The selected money type appears in the list on the right. All money types are selected by default.
15. Click OK. The New GL Account Assignment screen reappears.
16. Click OK to save your changes. The GL Account Assignment Setup screen reappears, with the new assignment in the list.

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