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Core Application Information

Terms used in classroom training to be applied during the software installation of our customers

ScheduleRecord of GL Account Detail
JournalBooks of Entry of transaction detail
General LedgerChart of Accounts
TransactionDetailed Activity
Reference NumberThe Control number
DescriptionIncludes transaction information not recorded in a GL account
To Increase a Sale AccountCredit
To Increase an Account Payable AccountCredit
To Increase a Receivable AccountDebit
To increase a Cash AccountDebit
To increase an Inventory AccountDebit
To increase an Asset AccountDebit
To increase a Liability AccountCredit
To increase a Cost of Sale AccountDebit

Karol Morrow

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