Add or Modify Account Sets
Overview
Account sets are groups of the general ledger accounts to which you post Project and Job Costing transactions. The accounts include the work in progress, cost of sales, billings, revenue, payroll expense, employee expense, labor, overhead, equipment, and cost accounts. You can use an account number more than once in an account set.
You need at least one account set to assign to contracts and projects in Project and Job Costing, but you can add as many sets as you need.
If you have a multicurrency system, the account set must use the same currency as the customer for the contract the project, so you must at least one account set for each of your customer's currencies.
Before
you start
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If you are adding or changing an account set:
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Ensure that your general ledger contains the accounts you want to assign to account sets in Project and Job Costing.
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Decide on the account set codes to use.
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If you are deleting an account set, reassign a different account set to any contracts and projects that use the account set you want to delete.
To add, edit, or delete an account set:
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Open Project and Job Costing > PJC Setup > Account Sets.
Click here for help on the fields that appear on the Account Sets form.
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If you are adding a new account set:
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In the Account Set Code field, enter a unique code for the account set using up to six alphanumeric characters.
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Enter a description for the account set.
If you are editing or deleting an account set:
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In the Account Set Code field, display the code for the account set.
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Use the remaining fields to define the new account set or enter required changes to an existing account set.
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Click Add or Save to save the record.
Or
If you are deleting an account set, click Delete , and then click Yes confirm that you want to delete the record.
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To work with another record, use the buttons beside the Account Set Code field to start a new record (
) or select an existing one (
). -
Click Close when you are finished.
After
adding or modifying account sets.
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After adding or modifying account sets, it is a good idea to back up your data.
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Print an updated list of your account sets for reference.