Subaccount Types may be used to assign additional detail to an Account Number's Account Type. An Account Type may have multiple Subaccount Types. For example, the Account Type "Asset" may have the following Subaccount Types: Cash, Inventory, Accounts Receivable, etc. To access the master list of Subaccount Types, select the "Subaccount Types" option. The following screen will appear:
The "Subaccount Types" screen displays information on all existing Subaccount Types, including Subaccount code, Account Type, and Subaccount description.
To the far right of the list, the following buttons are available:
- CLOSE
Closes the screen, returning you to the application desktop.
Runs the report associated with this screen.
- NEW
Opens screen for creating a new Subaccount Type.
- EDIT
Enables you to edit highlighted Subaccount Type. The edit screen is the same as that for creating a new Subaccount Type—except that when editing, the fields will contain Subaccount Type information. Double-clicking on a Subaccount Type will also bring you to the editing screen.
- VIEW
Highlight a Subaccount Type and then select this button to reach a read-only view of the "Edit" screen.
- DELETE
Highlight a Subaccount Type and then select this button to remove the Subaccount Type from the list.
To create a new Subaccount Type, select the NEW button. The following screen will appear:
When creating a new Subaccount Type, you are presented with the following options:
- Code
Enter a code to describe the Subaccount Type.
- Type
-
Specify the Account Type you want to assign the Subaccount Type to.
The following selections are available: Asset, Liability, Expense, Revenue, and Equity.
- Description
Enter a description to further describe the Subaccount Type.