Configure General Ledger

Use the Configure General Ledger page to control how transactions are entered for your company. The page is divided into the following sections:

  • Accounting settings: Use this section to define the accounting method, GAAP (Generally Accepted Accounting Principles) and Tax setup, and how Intacct handles multi-currency accounting.

  • Reports: This section tells Intacct how to handle reports by default. Default permissions and use of title and labels are defined here.

  • Dimensions settings: Use this section to select and sort the dimensions you plan to use. For example, to use the Project, Customer, Item, and Employee dimensions with the Projects application, select Enable for each of them here. Then sort them in the order that you want to see across your company.

  • Approval options: Use this section to set up an approval workflow for General Ledger journal entries.

  • Advanced General Ledger options: This section includes settings for user-defined books and dimensions, dimension relationships, and more.

Subscription

Company

Regional availability

All regions

User type Business with admin privileges
Permissions

General Ledger, Approvals (if enabled) GL Outlier Detection (if enabled): List, View, Add, Edit

To configure General Ledger:

  1. Go to General Ledger > Setup > Configuration.

  2. Using the field descriptions as a guide, enter the settings needed to configure the General Ledger for your company.

  3. Select Save.